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Texas  + Dallas-Fort Worth  + Hospitality  | 

JLL Capital Markets Arranges Acquisition Financing for Hotel in North Austin

JLL Capital Markets has arranged acquisition financing for La Quinta Inn & Suites by Wyndham, a 75-key hotel in Cedar Park, TX. JLL worked on behalf of the borrower, Door Capital Partners, to secure the five-year, fixed-rate loan through Alliance Bank Central Texas.

 Completed in 2009, La Quinta Inn & Suites, which sits on 4.02 acres at 1010 E. Whitestone Blvd., is located 22 miles north of Austin and comprises a mix of traditional guest rooms and suites. The hotel amenities include a fitness center, laundry facilities, indoor pool, mobile check-in, sundries/mart, complimentary breakfast and 625 square feet of meeting space.

 The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Director CW Sheehan and Analysts Matt Ctvrtlik and Hunt Wood. The financing amount was not disclosed.

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JLL Capital MarketsDoor Capital Partners

About Erik Hamilton

Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. Erik also worked six years in CRE public relations with Los Angeles-based Hoyt Organization, where he was a Senior Account Executive. He later joined Lee & Associates where he served as the Director of Corporate Communications. There ,in addition to his work with Lee’s CEO, he managed 57 offices nationwide and provided PR, social media and media training for the offices. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.

  • ◦Financing