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Advises Prospera Hotels on Strategic Refinancing of Hyatt Place in Anaheim

Los Angeles, CA - 15 November 2018

ROBERTDOUGLAS ADVISES PROSPERA HOTELS ON STRATEGIC REFINANCING OF THE HYATT PLACE AT ANAHEIM RESORT/CONVENTION CENTER

RobertDouglas advised Prospera Hotels in securing a $35 million non-recourse senior mortgage for the refinancing of the Hyatt Place at Anaheim Resort/Convention Center in Anaheim, California. Prospera Hotels is a privately-owned hotel investment, development and management company with a strong presence in the Anaheim market. The fifteen-year, fixed-rate financing was provided by a finance company originating fixed rate loans through a separately managed account with a large domestic life insurance company.

The select-service Hyatt Place hotel features 178 guestrooms and nearly 1,200 square feet of meeting space. The property is located in the Anaheim Resort market within walking distance to the recently renovated Anaheim Convention Center and Disneyland Resort, which will be debuting “Star Wars: Galaxy’s Edge” in the summer of 2019.

 “This was a highly efficient execution with the balance sheet lender providing terms tailored to the borrower’s needs. As a relatively new property with robust in-place cash flows in one of Southern California’s most desirable lodging markets, the financing opportunity drew strong interest,” noted Stephen O’Connor, a Principal and Managing Director of RobertDouglas. “Our team sourced a lender who delivered flexibility at great pricing with a smooth underwriting and closing process,” remarked Rob Stiles, a Principal and Managing Director of RobertDouglas.

ABOUT ROBERTDOUGLAS 

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  preeminent  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 info@robert‐douglas.com or go to www.robert-douglas.com.

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