Monday, April 27, 2009

HREC Arranges $13 million Loan for Doubletree Hotel

HREC Investment Advisors has arranged $13 million in senior financing for the 228-room Doubletree Hotel - Dallas Market Center, located at 2015 Market Center Blvd. in downtown Dallas. The loan includes a t-year term and a 7 percent fixed interest rate. The lender was a Texas based bank. The Doubletree Hotel is owned by Market Center Lodging LP and operated by Alliance Hospitality Management.