HREC Arranges Refinance of Homewood Suites Oakland
DENVER, CO, / LOS ANGELES, CA, October 10, 2007. HREC Investment Advisors successfully represented Oakland Hospitality, LLC in the $10 million refinance of the 132-room Homewood Suites, in Oakland, CA. The hotel is located in the Port of Oakland and is managed by Hilton Hotels.
Rick George, Principal-in-charge of HREC Investment Advisors's Los Angeles office stated "We were pleased that we were able to provide a viable, long term debt structure for our client. Obviously the current credit market is constrained, but we find that our past work with lenders has allowed us to find viable debt solutions for good assets and sponsors."
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