HFF Arranges $71M to Refinance Hotel, Retail Properties

Holliday Fenoglio Fowler, Houston, arranged $60 million to refinance Grand Bohemian Hotel Orlando, a 247-room hotel in downtown Orlando, Fla.

HFF director Michael Weinberg led the debt-placement team representing borrower Xenia Hotels & Resorts, Orlando. They placed the 10-year fixed-rate loan with MetLife, New York.

“We are bullish on downtown Orlando and its future growth potential,” Weinberg said. He noted that HFF witnessed strong demand from debt and equity capital firsthand by selling or financing both Grand Bohemian and Embassy Suites in recent months.

Part of Marriott’s Autograph Collection, Grand Bohemian Hotel Orlando is located across South Orange Avenue from the new Dr. Phillips Center for the Performing Arts, a nine-acre venue with three performance theaters and an outdoor plaza. 

In Pennsylvania, HFF Managing Director Ryan Ade arranged $10.7 million to refinance Lionville Shopping Center, a 93,000-square-foot shopping center in Philadelphia suburb Exton. HFF worked on behalf of borrower Brandolini Cos. to secure the long-term fixed-rate financing through an institutional lender.

The 97-percent-leased grocery-anchored center houses 15 tenants including Giant Food, Subway and Wells Fargo Bank. Target and Rite Aid shadow-anchor the center on Eagleview Boulevard.