Las Vegas Hampton/Hilton Property Secures Refinancing
A $44.8-million bridge loan further cements the relationship of the recently opened Hampton Inn and Home2Suites by Hilton, dually flagged at the Las Vegas Convention Center.
The refinancing, via Dallas-based HALL Structured Finance, is a follow-up to the first lien construction loan HSF extended to hotel developer DG Design + Development (also based in Las Vegas).
The 250-room hotel(s) cover six stories and offer guests both select-service and extended-stay options.
Perks of the properties’ location is proximity to the east side of the world-famous Las Vegas Strip and the Convention Center. The hotel also provides guests with convenient access to Allegiant Stadium, T- Mobile Arena, Harry Reid International Airport and the UNLV campus.
“HSF has been wonderful. They were great during construction and start up, but it was their unwavering support during these remarkably turbulent times that truly cemented our relationship. We are thrilled to be able to continue our partnership,” Daniel Grimm, President and CEO of DG Design+Development, said in a news release.