RobertDouglas Advises Hospitality Resorts Inc. On A Cad$150 Million Refinancing For The Hilton Niagara Falls / Fallsview Hotel And Suites In Niagara Falls, Ontario
RobertDouglas announced today that it has advised Hospitality Resorts Inc. on a CAD$150 million refinancing of the 965‐key Hilton Niagara Falls/Fallsview Hotel and Suites, located in Niagara Falls, Ontario. Hospitality Resorts Inc. is a privately-owned hotel investment, development and management company that has been active in the Niagara hotel and restaurant businesses for more than 40 years. The fixed-rate, seven-year financing was provided by Pacific Life.
The Hilton Fallsview is comprised of three towers, including a 53-story tower completed in 2009, and has 417 luxurious suites, making it one of the largest hotels in Canada, and also among the largest independently-managed Hilton hotels in the world. Connected to the Fallsview Casino, the hotel’s over-sized rooms offer spectacular views of both the American and Canadian falls, as well as access to a wide array of resort amenities.
“The Niagara Falls market has been one of the strongest-performing markets in North America during the past year,” observed Evan Hurd, Director at RobertDouglas, “which helped lenders get comfortable with this financing.”
“Hospitality Resorts Inc. has an experienced and imaginative management team that does a remarkable job of maximizing the performance of every element of the hotel, from their highly-profitable restaurants to their market-leading rooms operations”, remarked Douglas Hercher, Managing Director at RobertDouglas. “Ultimately, it was the strength of their ownership and management that made this financing possible.”
“It was a pleasure working with Pacific Life closing this financing,” said Joseph Dicosimo, President of Hospitality Resorts. “This financing puts us in a strong position to continue building on the reputation and offerings at the Hilton Fallsview
RobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles and San Francisco that specializes in the sale, financing and equity capitalization of hotel, resort and gaming properties throughout North America. Founded by two of the hotel industry’s pre-eminent finance professionals, Rob Stiles and Doug Hercher, RobertDouglas offers exceptional domestic and international institutional investor and lender relationships. RobertDouglas combines the capital markets sophistication of top-tier investment banks with detailed hotel underwriting and asset management experience, providing the firm with unique capabilities in an underserved market. For more information, contact firstname.lastname@example.org or go to www.robert-douglas.com.