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The 1,842 Room Adam�s Mark Hotel, Dallas, 
Refinanced for $180,000,000
One of the Largest  Hotel Property Financings This Year According to Sonnenblick-Goldman Company
New York, NY - September 28, 2000 - Sonnenblick-Goldman Company, serving as exclusive advisor to Adam�s Mark Hotels and Resorts, has arranged a $180,000,000 financing for the Adam�s Mark, a luxury hotel and conference center in downtown Dallas, Texas. This transaction is one of the largest, single hotel property financings in the United States this year.

Adam�s Mark Hotel comprises 1,842 rooms and a total of approximately 230,000 square feet of meeting, banquet and convention space, including the 41,000 square foot Lone Star Ballroom, the largest ballroom in Texas. The hotel contains 211 suites, 5 restaurants, 3 lounges, a nightclub, a health club with separate outdoor and indoor swimming pools, a comprehensive business center and a 1,200 car parking garage.  

Adam�s Mark parent, HBE Corporation, in 1996 purchased what was The Southland Center comprising two high-rise office buildings and a 500-room hotel. 

HBE converted the office space to guestrooms plus meeting areas and upgraded the existing hotel.  In addition, HBE purchased the entire block to the south and developed the four-story International Conference and Exposition Center, which houses 210,000 square feet of the hotel�s meeting space inventory.

The recently completed Adam�s Mark is now the largest hotel/convention facility in the southwest.  It enables Dallas to better compete with other convention cities such as Orlando and Las Vegas as it is centrally located in the United States and possesses such extensive facilities.  

In addition to having its own convention facility, the Adam�s Mark is located at the light rail station within two stops of the Dallas Convention Center. This allows convention guests to have a downtown stay and enjoy shopping, museums and other attractions in downtown Dallas. The Adam�s Mark chain includes 22 hotels, with others currently under construction in Chicago, Illinois and Jacksonville, Florida. 

Sonnenblick-Goldman has arranged financing for several Adam�s Mark hotels throughout the country, including the construction financing for this Adam�s Mark in 1998. William H. Stern, Managing Director at Sonnenblick-Goldman Company, said, �We are pleased to have had another opportunity to work with Adam�s Mark on this outstanding facility.�

Sonnenblick-Goldman Company is the industry�s leading independent real estate investment banking firm.  Founded in 1893 to serve the financing needs of the real estate industry, Sonnenblick-Goldman Company provides a full range of real estate financial services including debt and equity placements, joint ventures, investment sales and real estate advisory services.  Headquartered in New York, Sonnenblick-Goldman Company maintains offices in Denver, Hong Kong, Miami, San Francisco, Singapore, Tokyo and Washington, D.C.

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Contact:
Jeannette Boccini
Director of Corporate Communications
Sonnenblick-Goldman Company
712 Fifth Avenue
New York, NY  10019
212-841-9245
[email protected]

Also See The Former 18 Story Blue Cross/Blue Shield Building in Downtown Indianapolis to be Recreated as Adam's Mark Indianapolis Downtown Hotel / April 1999 


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