SAN DIEGO � September 5, 2007 � Neptune Hospitality Advisors today
announced it arranged senior financing for the acquisition of the 100-room
Hampton Inn and Suites in Charlotte, NC and the 111-room Hampton Inn in
Columbia, SC. Neptune arranged two five-year fixed-rate loans totaling
$16.73 million through an international investment bank. Approximately
three million dollars will be spent renovating the two hotels.
The hotels were acquired by affiliates 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 and ranked 14 on the list of Top Hotel Owners and Developers according
to Hotel Business magazine�s December 2006 issue. With a portfolio
value of over $1.8 billion, APMC currently owns and operates 45 lodging
properties encompassing over 13,500 rooms and employs over 5,500 personnel
throughout the United States.
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. |
Hampton Inn and Suites
Charlotte, NC
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