$37.5 million refinancing arranged by HFF for Warwick Denver Hotel
NEW YORK, NY – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a $37.5 million refinancing for the Warwick Denver Hotel, a 216-room, full-service hotel in downtown Denver, Colorado.
HFF worked on behalf of the borrower, Warwick International Hotels, to place the loan with Aareal Capital Corporation. Loan proceeds were used to refinance an existing loan and to fund aesthetic renovations to the property.
Warwick Denver Hotel is located at 1776 Grant Street on the corner of East 18th and Grant Streets near the Colorado State Capital, 16th Street Mall, Colorado Convention Center and the Denver Art Museum. The hotel is within walking distance to multiple light rail and metro stations in addition to being proximate to 31 million square feet of office space in Denver’s central business district. The dog-friendly Warwick Denver Hotel features a rooftop pool with unobstructed views of downtown Denver and the Rocky Mountains; multilingual staff; guestrooms with floor-to-ceiling windows and private balconies; state-of-the-art, 24-hour fitness center; 24-hour business center; 11 meeting spaces totaling 7,874 square feet and the full-service Randolph Restaurant and Bar serving modern Coloradan cuisine.
HFF’s debt placement team was led by managing director Michael Gigliotti and senior managing directors Mike Tepedino and Eric Tupler.
”Warwick International Hotels and HFF have worked together for more than two decades,” Tepedino said. “The Warwick Denver Hotel is a prime example of the borrower’s global brand that exemplifies a worldwide standard of excellence.”
“The Warwick Denver financing is another in the expanding line of high-profile hotel assignments for HFF in the Denver market,” Tupler added.
About Warwick International Hotels
Founded in 1980 with the purchase of the Warwick New York, Warwick International Hotels (WIH) owns and operates 21 hotels, manages nine on behalf of owners and has marketing affiliations with 33 additional hotel properties worldwide for a total of approximately 8,500 rooms. The Warwick brand focuses on the ownership, management and marketing of Four- and Five-Star hotel properties in superior locations and resort destinations. Apart from the New York Warwick, the flagship property, WIH has five other iconic hotels in the United States: The Warwick Allerton in Chicago, situated right in the middle of the Magnificent Mile; the Warwick San Francisco, just three blocks away from Union Square; the Landmark Warwick Melrose Dallas, situated in the fashionable neighborhood of Turtle Creek; the Warwick Seattle with uninterrupted views to the Space Needle and just a few blocks away from the Pike Place Market. The Warwick Denver hotel is situated close to the capitol and is one of the few hotels in Denver that has a roof top pool, which is in service year round.
Very shortly, WIH will be announcing a firm opening date for the Warwick Paradise Island, in the Bahamas, an all-inclusive resort.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.