Members from the Boston office of Holliday Fenoglio Fowler LP (HFF) recently arranged $35.5 million in refinancing for the Sheraton Portsmouth Harborside Hotel in Portsmouth, New Hampshire.

The 180-room, six-story hotel located at 250 Market St. features 13,500 square feet of meeting space, a two-level underground parking garage, a fitness center, indoor pool, sauna, Internet café and restaurant and lounge.

HFF worked on behalf of the borrower, Lodgesys, to secure the 10-year, fixed-rate loan through Bank of America. Loan proceeds were used to refinance existing debt on the property. The securitized loan will also be serviced by HFF.

Managing Director Anthony Cutone led the HFF debt placement team to represent the borrower.

HFF Arranges $35.5M To Refinance Sheraton Portsmouth Harborside Hotel

by Banker & Tradesman time to read: <1 min
0