HFF Closes Sale of Eagle Crest Resort in Central Oregon
Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Eagle Crest Resort, a 100-room destination resort hotel in Central Oregon's high desert in the greater Bend-area community of Redmond.
HFF marketed the property on behalf of the seller, a partnership between Northview Hotel Group and funds managed by Oaktree Capital Management L.P. (“Oaktree”). KDG Capital purchased the hotel free and clear of existing debt and unencumbered of a management contract.
Situated on more than 1,700 acres between the Willamette National Forest and the Deschutes River at 1522 Cline Falls Road, Eagle Crest Resort has sweeping views of the Cascade and Blue Mountains and the Oregon high desert. The year-round resort is eight miles from the Redmond Municipal Airport, which provides non-stop service to most major Western U.S. markets. Eagle Crest features three golf courses, three sports centers, a full-service spa, a conference center, an equestrian center and an abundance of outdoor activities, including biking, fishing, hiking, skiing, rock climbing and snowshoe tours. Originally built in 1985, the hotel has undergone upgrades and renovations as recently as 2014.
The HFF investment advisory team representing the seller consisted of managing directors Scott Hall and Tony Malk and analyst Aaron Lapping along with senior director Nick Kassab.
“Eagle Crest is a unique year-round resort and residential master plan with a longstanding reputation as one of Central Oregon's best amenitized communities,” Hall said. “The quality of the asset, opportunities for value enhancing capital initiatives and the region's strong underlying fundamentals combine to create a highly attractive long-term investment thesis.”
About Northview Hotel Group
Northview Hotel Group is an owner/operator of hotels and resorts that was formed to make opportunistic hotel investments in the U.S. Since forming in 2004, Northview has acquired over $1 billion of lodging investments. Learn more at http://www.nvhg.com.
About Oaktree
Oaktree is a leader among global investment managers specializing in alternative investments, with $100 billion in assets under management as of December 31, 2017. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 900 employees and offices in 18 cities worldwide. For additional information, please visit Oaktree's website at oaktreecapital.com.
About KDG Capital
KDG Capital is a real estate private equity firm focused primarily on the acquisition of existing full-service hotels and resorts that can benefit from enhanced branding, management, renovation and repositioning. Since inception in early 2017, KDG Capital has completed over $200 million of hospitality investments and continues to expand its portfolio. The group's streamlined processes allow for efficient investment and asset management decisions thereby enabling competitive advantages for the platform.
About HFF
HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
Media Contact:
Scott Hall
HFF Managing Director
858-552-7690
[email protected]
Tony Malk
HFF Managing Director
310-407-2100
[email protected]
Nick Kassab
OR Lic. #200702090
HFF Senior Director
504-265-5083
[email protected]
Kimberly Steele
HFF Digital Content/Public Relations Specialist
713-852-3420
[email protected]
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
