 February
6, 2008 - Hospitality industry veteran Dr. Donald W. Wise is pleased to
announce that the Global Hospitality Industry practice of Johnson Capital,
partnered with Steve Bridges, Principal, Pacific Southwest Realty Services,
and Dennis A. Mac Donneil, Principal, of the Lok Group of Companies, to
successfully close the refinance of the Holiday Inn Express Hotel &
Suites in Sebastopol, in the Sonoma Wine Country.
�This was a challenging refinance for several unusual reasons,� said Wise. �The borrower was approved by Marriott International to convert the hotel to a Fairfield Inn & Suites by Marriott. Among the key issues was getting a release of $1,250,000 in proceeds to execute the renovation and Product Improvement Plan and Brand mandated standards for the conversion � therein was the riddle.� Johnson Capital is committed to offering the hospitality industry proprietary loan programs for Brand based-lending for Hilton, IHG, Marriott, Wyndham, and Choice. Individual loans under these programs will range from $4 to $20 million. Most hotels of the Hilton Garden Inn, Hampton Inn and Suites, Holiday
Inn Express, Marriott Springhill Suites, and Fairfield Inn and Suites venues,
by example, need a complete Property Improvement Plan (�PIP�) renovation
at least every ten years. This can range from $8,000 to $15,000 per guestroom.
Johnson Capital was recently featured on International Bloomberg television: http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vH4HCPuwIpeA.asf The Johnson Capital Global Hospitality Industry investment banking practice provides high touch investment advisory, investment banking, transactional (brokerage) services, and financing placement of both debt and equity in the $10,000,000 to $300,000,000 range. The Johnson Capital Express hospitality loan program lends between $1 million and $5 million, but on a case-by-case basis, will lend up to $10 million. These combined services are primarily focused on the Hilton Garden Inn, Hyatt Place, Cambia Suites, Marriott Fairfield Inn, Staybridge Suites, Towne Place Suites, Marriott Springhill Suites, and Holiday Inn Express for both construction and acquisition/refinance debt placement. In full-service hospitality properties, this includes the upscale, luxury and boutique market tiers for domestic and International hotels, both branded and unbranded, as to resorts, gaming, condominium-hotels, timeshare, fractional and mixed-use projects, with and without golf, that have a lodging component. Capital market programs include:
Johnson Capital is one of the largest and most prominent real estate investment banking and commercial mortgage brokerage firms in the United States. Since its inception in 1987, aggregate transaction volume has soared to over $25 billion. The firm now has 21 offices nationwide: Irvine (corporate headquarters), Newport Beach, Los Angeles, Encino, San Diego, San Jose, San Francisco, Napa Valley, Phoenix, Denver, Vail, Salt Lake City, Dallas, Kansas City, Little Rock, Boca Raton, Washington, D.C., New York City, Norwalk, CT. The firm has International offices in: Madrid, Cabo San Lucas, Puerto Vallarta, and Bangalore, India, servicing India, Dubai, and the United Arab Emirates. Contact
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