News: Finance

HFF arranges $25 million refinancing for Holiday Inn Manhattan View; on behalf of Queens Plaza North, LLC

Long Island City, NY HFF has arranged a $25 million refinancing for Holiday Inn Manhattan View, a 16-story, 136-room hotel. HFF worked on behalf of Queens Plaza North, LLC to secure the five-year, fixed-rate refinancing. Holiday Inn Manhattan View is located at 3905 29th St. near the Queensboro Bridge and Northern Ave. Completed in December 2008, Holiday Inn Manhattan View is a full-service facility that overlooks the Manhattan skyline. Property amenities include a meeting room, business center, courier service, on-site fitness center, indoor pool and 24-hour lounge. The HFF team representing the borrower included managing director Bob Delitsky, director KC Patel and analyst Jennifer Keller. Holliday Fenoglio Fowler, LP (HFF) and HFF Securities LP (HFFS) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, equity placement, loan sales, and commercial loan servicing.
Tags: Finance
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