Dealmaker: Hall Structured Finance Originates $15M Construction Loan for Texas Hotel

Hall Structured Finance, Dallas, originated a $15.3 million first lien construction loan for a Hampton Inn & Suites in Shenandoah, Texas.

K & K Hotel Group, Houston, plans to open the 106-unit property late next year.

HSF Vice President Matt Mitchell originated the loan. He noted The Woodlands and neighboring cities such as Shenandoah and Oak Ridge North have seen significant population and employment growth in recent years. “We believe the hotel’s location along Interstate-45 and the popularity of Hilton’s Hampton Inn brand coupled with the area’s robust business climate will make it a great addition for the growing number of business and leisure travelers to the area,” he said.

The five-story hotel will sit one mile north of The Woodlands Town Center, which serves as the “downtown” for the area. The Woodlands is a 28,800-acre master-planned community with more than 118,000 residents and nearly 2,200 businesses.