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Neptune Hospitality Advisors Arranges $103 million Loan
for Six Resort Hotels in Mexico
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SAN DIEGO, California - - October 9, 2006 - - Neptune Hospitality Advisors, acting as exclusive financial advisor, has arranged the senior financing for the recapitalization of a six property resort hotel portfolio located throughout Mexico.  The portfolio, which included the Hyatt Cancun Caribe also included additional hotels in Cancun, Cozumel, Acapulco, Los Cabos and Ixtapa.  Neptune arranged the US$103 million floating rate interest-only loan through an international investment bank.  The borrower is a private Mexican resort ownership and management company.
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Hyatt Cancun Caribe Resort
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“We were able to structure the recapitalization to satisfy a host of strategic and financial objectives including: significantly lowering the overall cost of capital at the corporate level; providing liquidity for future acquisitions; and providing proceeds for significant renovation and expansion of the six resort hotels, thus increasing the room count by almost fifty percent,” commented Gavin Davis, Principal of Neptune Hospitality Advisors. “The transaction was originally scheduled to close in late 2005, until Hurricane Wilma inflicted a significant amount of damage on three of the resorts.  Despite the worst hurricane on record in the Atlantic, the transaction was successfully closed.”

“There is no doubt that given its complexity and pricing relative to precedent transactions, that this is the most significant Mexican real estate transaction ever structured through the U.S. securitized markets.  While precedent transactions involving U.S. loans on Mexican real estate do exist, the borrowers were generally U.S. domiciled companies, the collateral were ‘luxury’ hotel assets and the terms were less advantageous than this financing,” commented Stan Kozlowski, Principal of Neptune Hospitality Advisors.  “We were able to provide the borrower with less expensive capital than Mexico itself receives as a sovereign nation in the global markets.”
 

Neptune Hospitality Advisors is a real estate investment banking firm dedicated to the hotel industry.  As a boutique, client-focused firm, Neptune provides a principal-to-principal focus and sophisticated approach to providing capital raising services, investments sales and advisory services to the hospitality industry. 

For more information, contact Michael D. Armstrong, mike@neptuneha.com, or Gavin Davis, gavin@neptuneha.com or view the company website at www.neptuneha.com.

 
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Contact

Neptune Hospitality Advisors, Inc.
The Aventine Building
8910 University Center Lane
Suite 420
San Diego, CA  92122
P. (858) 964-5678
F. (858) 964-5679
www.neptuneha.com
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Also See: Neptune Hospitality Advisors Arranges $39 million Loan for the Purchase of the Hilton Suites Dallas North / September 2006
Neptune Hospitality Advisors Arranges $5 million Financing for Holiday Inn Mammoth Lakes / September 2006
Neptune Hospitality Advisors Arranges $5.5 million to Refinance Texas Hotel / September 2006
Neptune Hospitality Advisors Arranges $22 million Acquisition of Wyndham Dallas Hotel/ June 2006
Neptune Hospitality Advisors Arranges Sale of Downtown San Diego Hotel / May 2006
Neptune Hospitality Advisors Arranges $49 million Financing of 672 room Portfolio / April 2006
Neptune Hospitality Advisors Arranges $30 million Financing for Hansji Hotels / March 2006
Neptune Hospitality Advisors Advises Port Authority in Sale of the Two Largest Hotels in Downtown Saint Paul, Minnesota / March 2006
Neptune Hospitality Advisors Arranges $25 million Financing of Downtown San Diego Radisson Hotel / March 2006
Neptune Hospitality Advisors Arranges Re-financing of Hilton Garden Inn Tampa North / March 2006
Neptune Hospitality Advisors Arranges Sale of Radisson Convention Center Hotel in Visalia, California / March 2006
Neptune Hospitality Advisors Arranges Acquisition Financing for Purchase of Hilton Salt Lake City Airport / November 2005
Neptune Hospitality Advisors Secures $10 million Debt Financing for Purchase and Renovation of 276 room Phoenix, Arizona Hotel / October 2005
Neptune Hospitality Advisors Structures $17 million Debt Financing for Purchase of 295-room Doubletree in downtown Albuquerque, New Mexico / October 2005
Neptune Hospitality Advisors Arranges Financing for Purchase of Historic Sheraton Gunter Hotel in Downtown San Antonio / July 2005
Neptune Hospitality Advisors Arranges Sale of Downtown San Diego Hotel / June 2005
Neptune Hospitality Advisors to 'Market for Sale' the Radisson Riverfront and the Radisson City Center Hotels in Saint Paul / June 2005
Neptune Hospitality Advisors Arranges $37 million Financing for Creative Hotel Associates Portfolio Recapitalization  / March 2005
Neptune Hospitality Advisors Arranges Financing for Purchase of Austin, Texas Hotel / November 2004
Neptune Hospitality Advisors Arranges Sale of Albuquerque Hotel / October 2004
Neptune Hospitality Advisors Arranges Financing for Purchase of Tampa-area Hotel / October 2004
Neptune Hospitality Advisors Arranges Refinancing of Unizan Plaza Office Building in Downtown Canton, Ohio / September 2004
Neptune Hospitality Advisors Arranges Financing for Purchase of Palm Springs Area Hotel / September 2004
Neptune Hospitality Advisors Arranges Acquisition Financing of Nashville Hotel / June 2004
Neptune Hospitality Advisors Represents Purchaser and Arranges Acquisition and Renovation Financing of Albuquerque Hotel / March 2004


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