Hotel Online  .Special Report


Neptune Hospitality Advisors Orchestrates $40 million
Financing of Downtown San Antonio Sheraton
-
 
SAN DIEGO � July 5, 2007 � Neptune Hospitality Advisors today announced it arranged senior financing for the 322-room Sheraton Gunter Hotel in San Antonio, Texas.  Neptune arranged the $40.0 million five-year interest-only fixed-rate loan through an international investment bank.
 
First opened in 1909, the Sheraton Gunter Hotel is located in the heart of San Antonio, just minutes from the Riverwalk and the historic Alamo.  Following the completion of a recent $6 million renovation, the Sheraton Gunter was awarded the AAA Four Diamond rating.    
 
�Our client needed to replace a floating-rate first mortgage and mezzanine loan with a lower fixed-rate loan, which we did, thereby unlocking considerable  value created since their acquisition of the hotel two years ago,� said Mike Armstrong, Neptune�s president.  �We accomplished this through a cash-out refinance, and with the new loan we were able to reduce their annual mortgage payment significantly.� 
 
The hotel is owned by a partnership led by American Property Management Corporation (�APMC�).  Based in San Diego, APMC was ranked as the 8th largest hotel management company in the April 2006 issue of Hotel Business magazine and the 5th largest independent third-party hotel management company in the June 2006 issue of Hotel and Motel Management magazine.  With a portfolio value of over $1.6 billion, APMC currently owns and operates 45 lodging properties encompassing over 13,500 rooms and employs over 5,500 personnel throughout the United States.
 
Founded in 2001, Neptune Hospitality Advisors is a real estate capital advisory firm dedicated to the hotel industry. Headquartered in San Diego, and with an office in Austin, Texas, Neptune provides a full spectrum of capital advisory services including mortgage brokerage, joint venture capital raising, property sales and asset advisory services to the hospitality industry. Working with a wide variety of hotel owners, investors and capital sources, Neptune has completed hotel and resort transactions across the United States and Mexico.
 
For more information, contact Michael D. Armstrong at [email protected] or visit the company website at www.neptuneha.com.
 
 

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
.
Also See: Neptune Hospitality Advisors Arranges Sale of Hilton Garden Inn of Rancho Mirage, California / May 2007
Neptune Hospitality Advisors Welcomes Paire of Hotel Veterans to Roster, Adds Texas Office / May 2007
Neptune Hospitality Advisors Arranges $31.9 million Loan for the Purchase of the Sheraton Oklahoma City Hotel / April 2007
Neptune Hospitality Advisors Arranges $23.8 million Loan for the Purchase of the Wyndham Albuquerque Airport / March 2007
Neptune Hospitality Advisors Arranges $30.5 million Loan for the Purchase of the Westward Look Resort and Spa in Tucson / January 2007
Neptune Hospitality Advisors Arranges $38.5 million Loan for the Purchase of the Four Points by Sheraton LAX / December 2006
Neptune Hospitality Advisors Arranges US $56 million Loan for the Purchase of the Le Meridien Resort and Spa in Cancun / December 2006
Neptune Hospitality Advisors Arranges Sale of Hilton Garden Inn Tampa North / November 2006
Neptune Hospitality Advisors Arranges $103 million Loan for Six Resort Hotels in Mexico / October 2006
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


To search Hotel Online data base of News and Trends Go to Hotel.Online Search

Home | Welcome! | Hospitality News | Classifieds | Catalogs & Pricing | Viewpoint Forum | Ideas/Trends
Please contact Hotel.Online with your comments and suggestions.