Hyatt Place Hotel to occupy Southwestern Bell building after redo
The development group, including Anthony Patel and Nick Patel of Pride Management, has obtained a $22.8 million loan for the long-vacant building from Dallas-based Hall Structured Finance, the companies announced. Renovation of the 16-story high-rise is targeted for completion by March 2019.
November 16, 2017
Think Beyond the Traditional to Secure Hotel Financing
While banks are more stringent with lending for hotel construction projects, this doesn’t signal a complete halt in development. Private and alternative lending sources, entering secondary and tertiary markets, and eyeing modular off-site building are paving the way for continued hotel development where speed-to-market without sacrificing quality and a quicker ROI are the worthwhile rewards.
October 30, 2017
Aegis Therapies to Relocate to Far North Dallas
The rehabilitation and wellness service company leased nearly 7,000 square feet of office space in Frisco, Texas. The firm is set to move its corporate headquarters from Plano.
October 30, 2017
Hall Structured Finance closes $17M construction loan for Arizona Marriott
Hall Structured Finance closed a new first-lien construction loan totaling $17.3 million to finance the development of a 127-room Residence Inn by Marriott in Mesa, Ariz. Suky and Jas Khangura, co-owners of Khangura Hotels, are the project developers.
October 23, 2017
Dallas Couple, Owners of Acclaimed California Wineries, Work to Help Neighbors Affected By Wildfires
October 13, 2017
Initial Deals: HSF, MCR, HREC See Activity
Dallas-based Hall Structured Finance (HSF) has closed a new, $26-million, first-lien loan to finance the construction of the Park James Hotel in Menlo Park, CA.
October 9, 2017