Santa Monica, California - May 21,
2013 - Vista Capital
Company announced that it recently arranged and closed $32,000,000 of
financing
for a portfolio of five hotels. Four of the hotels are located within
one mile
of each other, in Goodyear, Arizona, which is part of metropolitan
Phoenix. The
hotel portfolio consists of both limited-service and full-service
assets, branded
by Hilton Hotels & Resorts, Intercontinental Hotels and Resorts,
and
Marriott International. The 478-room portfolio is comprised of the
following
hotels:
- Hampton Inn & Suites – Goodyear, Arizona
- Holiday Inn Express – Goodyear, Arizona
- Residence Inn – Goodyear, Arizona
- Holiday Inn Hotel & Suites – Goodyear, Arizona
- Holiday Inn
Express – Washington, Utah
Due to the significant amount of liquidity available for hospitality product, Vista Capital was able to structure highly favorable financing with pricing of approximately 4.5%. “Ownership successfully realized all of their desired objectives through the closing of this transaction,” said Zak Selbert, the founding principal at Vista Capital Company. This is Vista’s eighth hotel closing in six months, underscoring their specialty and skill in hospitality investment banking.
About Vista Capital Company
Vista Capital Company is a boutique, Los Angeles-based, real estate investment banking firm that specializes in sourcing financing for commercial property nationwide. As a real estate capital intermediary, Vista procures tailored capital solutions for their clients through a comprehensive platform of services. Vista ensures that its clients are capable of seizing opportune advantage based upon accurate and smartly synthesized real-time intelligence of available capital.