HVS Capital provides financing for five hotels

HVS Capital Corp (HVSCC) has served as exclusive financial advisor to the owners of five hotels in arranging senior debt financing. The properties include the Hilton Garden Inn and Homewood Suites in Jacksonville, Fla.; the Holiday Inn Sea World in San Antonio, Tex.; the Comfort Suites in Greensboro, N.C.; and the La Quinta Inn and Suites in Columbus, Tex. "Each of these properties was an excellent candidate for the placement of new low-cost debt, enabling each to improve the financial returns realized by their owners," said Bill Sipple, executive managing director of HVS Capital Corp. "Loans for three of the hotels were at a fixed-rate, and two were floating rate loans. Several of the properties included Capex dollars needed to further enhance the property's value."