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Neptune Hospitality Advisors Arranges $23.8 million Loan
for the Purchase of the Wyndham Albuquerque Airport
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SAN DIEGO, CALIFORNIA - - January 5, 2007 - - Neptune Hospitality Advisors, acting as exclusive financial advisor, has arranged the senior financing for the purchase of the 276-room Wyndham Albuquerque Airport in Albuquerque, New Mexico.  Neptune arranged the $23,800,000 floating rate interest-only loan through a commercial finance company.  Upon completion of a $6,000,000 renovation, the property will be converted to a Sheraton.
 
The hotel was acquired by American Property Hospitality Management (�APHM�), an affiliate of 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 $1.5 billion, APMC currently owns and operates 45 lodging properties encompassing over 12,000 rooms and employs over 5,500 personnel throughout the United States.
 
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, [email protected] 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 $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
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Neptune Hospitality Advisors Arranges Sale of Downtown San Diego Hotel / May 2006
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Neptune Hospitality Advisors Arranges Acquisition Financing for Purchase of Hilton Salt Lake City Airport / November 2005
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Neptune Hospitality Advisors Structures $17 million Debt Financing for Purchase of 295-room Doubletree in downtown Albuquerque, New Mexico / October 2005
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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
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