Copyright 1995-2012 Hsyndicate http://www.hsyndicate.org/organization/17010694.html Latest news, events, photos and more from Larkin Hospitality Finance en-us Sat, 04 Feb 2012 16:02:54 +0100 cs@hsyndicate.com (Hsyndicate) info@hsyndicate.com (Hsyndicate) Hsyndicate RSS FeedGenerator 120 http://www.hsyndicate.org/news/154000320/4040085.html http://www.hsyndicate.org/news/154000320/4040085.html Tue, 24 Feb 2009 22:50:54 +0200 DALLAS, TX -- Larkin Hospitality Finance, a national hotel investment firm specializing in financing hotel properties, announced today that it recently closed four separate loans totaling $16.6 million for their clients. http://www.hsyndicate.org/news/154000320/4036584.html http://www.hsyndicate.org/news/154000320/4036584.html Thu, 26 Jun 2008 16:16:45 +0200 While the title of this article is a bit of a tongue-twister, its components speak to key and sometimes counterintuitive factors impacting our industry today: Financing challenges, recessionary fears, and the surprisingly robust market fundamentals – both hotel industry and broader economy – that should keep AAHOA’s 9,000-strong membership from sitting on the sidelines during this time of uncertainty. http://www.hsyndicate.org/news/154000320/4035402.html http://www.hsyndicate.org/news/154000320/4035402.html Thu, 03 Apr 2008 19:51:18 +0200 Americans are optimists. The core of the American Dream is the belief that we can overcome any obstacle and accomplish anything through hard work and the right attitude. Many, if not most, hoteliers achieved their success by testing this belief and as a result are often extreme examples of American optimism. http://www.hsyndicate.org/news/154000320/4033542.html http://www.hsyndicate.org/news/154000320/4033542.html Tue, 30 Oct 2007 00:00:00 +0200 Dallas, TX | The InterContinental Hotels Group annual Americas Investors and Leadership Conference in Dallas this past week offered a potent reminder of the natural optimism shared by hoteliers in general and Holiday Inn owners in particular. The conference focused on the comprehensive $1 billion makeover of the iconic full-service Holiday Inn and limited-service Holiday Inn Express brands. Brand leadership pounded home messages of change with repeated mantras; “Change is Inn”, “Evolution of an Icon”, and “Shift Happens”. http://www.hsyndicate.org/news/154000320/4033361.html http://www.hsyndicate.org/news/154000320/4033361.html Tue, 16 Oct 2007 00:00:00 +0200 DALLAS, TX | Cameron Larkin today announced the launch of hotel investment bank Larkin Hospitality Finance. The new firm will focus exclusively on meeting the debt financing needs of hotel owners and developers. http://www.hsyndicate.org/news/154000320/4032632.html http://www.hsyndicate.org/news/154000320/4032632.html Tue, 21 Aug 2007 00:00:00 +0200 DALLAS, TX | First American Realty Associates announced that it secured conduit refinancing on the 58-room Country Inn located in Stafford, VA. The 75% leverage, fixed-rate loan carried 30-year amortization. The loan additionally allowed for significant recapture of borrower equity. A well-timed, early rate-lock in the low 6%-area shielded the borrowers from the recent commercial capital market turmoil that arose during underwriting of the loan. http://www.hsyndicate.org/news/154000320/4032573.html http://www.hsyndicate.org/news/154000320/4032573.html Wed, 15 Aug 2007 00:00:00 +0200 Occasionally the capital markets change so quickly that printed news is already dated when it hits the mailbox. Such was case with a related article I’d written for this month’s edition of Commercial Mortgage Insight. http://www.hsyndicate.org/news/154000320/4031641.html http://www.hsyndicate.org/news/154000320/4031641.html Fri, 01 Jun 2007 00:00:00 +0200 DALLAS, TX | First American Realty Associates announced that it secured conduit refinancing on the 68-room Hampton Inn located in Victoria, TX. The full leverage, fixed-rate loan carried 30-year amortization with interest-only payments for the first year. The loan additionally allowed for stepped FF&E reserves the first 3 years of the loan. The hotel has been open for only 22 months and captures 168% of Smith Travel Research RevPAR Index. http://www.hsyndicate.org/news/154000320/4031301.html http://www.hsyndicate.org/news/154000320/4031301.html Thu, 03 May 2007 00:00:00 +0200 DALLAS, TX | First American Realty Associates announced that it secured $3.5 million conduit refinancing on the 60-unit Mansfield Comfort Inn located at 175 N. Highway 287 outside Dallas, TX. The full leverage, fixed-rate loan carried 30-year amortization and allowed the borrowers to recapture $1 million of equity as they refinanced out of existing SBA financing. Total cycle time from application to loan closing was 36 days. http://www.hsyndicate.org/news/154000320/4031190.html http://www.hsyndicate.org/news/154000320/4031190.html Thu, 26 Apr 2007 00:00:00 +0200 FAIRFIELD, NJ | First American Realty Associates announced that it had secured a $4.6 million long-term, fixed-rate, non-recourse acquisition loan on the 4-story, 92-unit Baymont Inn & Suites located at 8400 Lyra Drive off of the Polaris Parkway between I-71 and US 23 in Columbus, OH. Subsequent to the acquisition, the property was converted to a Comfort Inn. http://www.hsyndicate.org/news/154000320/4030528.html http://www.hsyndicate.org/news/154000320/4030528.html Mon, 05 Mar 2007 00:00:00 +0200 This is the second article of a five-part series exploring the current environment and options for long term, fixed-rate financing of hotels. We cover both recent beneficial shifts in hospitality lending and the risks associated with refinancing as the peak of the market cycle predictably gives way to down cycle effects. The central theme surrounds the importance of proactively managing a hotel’s mortgage financing costs to take advantage of refinancing opportunities and to reduce the possibility of financial distress in any business scenario. http://www.hsyndicate.org/news/154000320/4029960.html http://www.hsyndicate.org/news/154000320/4029960.html Wed, 17 Jan 2007 00:00:00 +0200 FAIRFIELD, NJ | First American Realty Associates announced the $10.5 million short-term, non-recourse, acquisition financing of the 162-unit Courtyard by Marriott in Somerset, New Jersey. The LIBOR-based bridge loan allowed TLC Somerset, LLC to complete a reverse 1031 exchange over the following six months. This is the 18th Marriott property and 33rd New Jersey hotel financed by First American Realty. http://www.hsyndicate.org/news/154000320/4029961.html http://www.hsyndicate.org/news/154000320/4029961.html Wed, 17 Jan 2007 00:00:00 +0200 This is the first article of a five-part series exploring the current environment and options for long term, fixed-rate financing of hotels. We cover both recent beneficial shifts in hospitality lending and the risks associated with refinancing as the peak of the market cycle predictably gives way to down cycle effects. The central theme surrounds the importance of proactively managing a hotel’s mortgage financing costs to both take advantage of refinancing opportunities and to reduce the possibility of financial distress in any business scenario. http://www.hsyndicate.org/news/154000320/4029873.html http://www.hsyndicate.org/news/154000320/4029873.html Tue, 16 Jan 2007 00:00:00 +0200 DALLAS, TX | First American Realty Associates President, Joe Epstein, announced that Cameron J. Larkin has been promoted to Senior Vice President – Hospitality Financing & Business Development. In addition to responsibility for the firm’s Dallas office, Larkin oversees the firm’s marketing efforts and CMBS hotel loan tracking database. http://www.hsyndicate.org/news/154000320/4029348.html http://www.hsyndicate.org/news/154000320/4029348.html Tue, 07 Nov 2006 00:00:00 +0200 DALLAS, TX | The owners of the Comfort Suites in Stafford, TX recently closed on the refinance of their 68-room hotel. In addition to paying off the existing 10-year conduit/CMBS loan one year early, the borrowers both achieved their target leverage and extracted equity to add 15 additional suites to the property. The 10-year fixed-rate refinancing program carried par pricing, allows for free pre-payment after 5 years, and provided an early rate-lock at application. http://www.hsyndicate.org/news/154000320/4028924.html http://www.hsyndicate.org/news/154000320/4028924.html Mon, 25 Sep 2006 00:00:00 +0200 DALLAS, TX | First American Realty Associates, LLC recently arranged a $2,100,000 acquisition loan on a Ramada Inn in Kilgore, Texas. The 85% LTV loan included $300,000 for an extensive renovation of the 80-room property. The Wyndham Worldwide-franchised Kilgore Ramada is the 510th hotel financed by First American Realty. http://www.hsyndicate.org/news/154000320/4028649.html http://www.hsyndicate.org/news/154000320/4028649.html Thu, 24 Aug 2006 00:00:00 +0200 DALLAS, TX | First American Realty Associates, LLC has finalized a $12,000,000 construction/mini-perm loan on the to-be-built 126-room Hilton Garden Inn & Conference Center in Lynchburg, Virginia. The 80% loan-to-cost financing program is interest-only during the first half of the 5-year term. The Hilton-franchised Lynchburg property is the 508th hotel financed by First American Realty and is scheduled to open as the 429th in the Hilton Garden Inn network. http://www.hsyndicate.org/news/154000320/4028584.html http://www.hsyndicate.org/news/154000320/4028584.html Fri, 18 Aug 2006 00:00:00 +0200 DALLAS, TX | First American Realty Associates, LLC has finalized a $6,500,000 conduit-refinancing loan on the 8-month old Hampton Inn & Suites in Yuma, Arizona. The 10-year loan carried a 30-year amortization schedule. The Hilton-franchised Yuma property is the 507th hotel financed by First American Realty. http://www.hsyndicate.org/news/154000320/4025964.html http://www.hsyndicate.org/news/154000320/4025964.html Wed, 18 Jan 2006 00:00:00 +0200 DALLAS, TX | First American Realty Associates, LLC announces that it has finalized a $3,928,000 acquisition/permanent loan on the Lawton Best Western Hotel and Convention Center in Lawton, Oklahoma. The Lawton property is the 503rd hotel financed by First American. http://www.hsyndicate.org/news/154000320/4025164.html http://www.hsyndicate.org/news/154000320/4025164.html Mon, 07 Nov 2005 00:00:00 +0200 FAIRFIELD, N.J. - Joe Epstein, Founder and President of First American Realty Associates, today announced the opening of a regional office in Dallas and the appointment of Cameron Larkin to the position of Vice President of Business Development.