AFC Hotel Finance Group arranges $19m in financing for Ascension

"AFC Hotel Finance Group, a capital provider that has sourced more than $600 million for hospitality development, construction and permanent financing in the first half of 2007 alone, arranged $19 million in financing for Ascension Hotels, owner of Crowne Plaza Hotel-Tulsa at 100 East Second St.," said, Peter Berk, president of AFC Hotel Finance Group. "Crowne Plaza Hotel-Tulsa is one of the largest convention hotels in the city, offering 20 meeting rooms, a full size theater, conference space, world-class dining and the modern amenities today's top executives seek," said Berk. "This financing served to renovate the property in key ways for the highly reputable ownership, creating a well-managed product that remained attractive to our institutional investment partners." Renovated this year, Crowne Plaza Hotel-Tulsa is a 12-story, 453-room hotel with executive suites available. The property is located proximate to the Tulsa Convention Center in the heart of the city's Art Deco Downtown and located just 8 miles from Tulsa International airport.