Premier Capital Associates Secures Refinance for Hilton Garden Inn, Kennewick, WA

BELLEVUE, Wash., July 19, 2017 – Premier Capital Associates, LLC, a national, full-service real estate investment company specializing in debt and advisory services for hospitality real estate, announced today that they secured refinancing for the Hilton Garden Inn, Tri-Cities/Kennewick in Kennewick, WA.

The total loan amount was approximately $12,600,000.

“Our client was looking for creative ways to extract the equity residing in the Kennewick asset.  Tapping into our broad network of lenders, we were able to deliver a financial package that gave our client the resources they were looking for quickly.   Doing so allowed them to consider a range of options for the continued health and growth of their portfolio,” said Greg Morris, Managing Director of Premier Capital Associates.

Jeff McKee, Managing Director at Premier Capital Associates adds, “Although the hotel industry continues to expand, we are seeing signs that the pace of that growth is starting to slow. Unlocking the equity that lives in their current asset portfolio now, could help hoteliers fuel controlled growth while the market is still strong.”

Premier Capital Associates Arranges Refinance for Hampton Inn & Suites, Eugene, OR

BELLEVUE, Wash., June 21, 2017 – Premier Capital Associates, LLC, a national, full-service real estate investment company specializing in debt and advisory services for hospitality real estate, announced today that they arranged financing for the acquisition and refurbishment of the Hampton Inn & Suites, Eugene, OR.

The total loan amount was approximately $5,600,000.

“We are excited to have helped our client build their portfolio with the acquisition of the Hampton Inn & Suites in Eugene.  Utilizing our expertise and broad network of lender relationships, they were able to secure funds to not only support the purchase, but also a significant property improvement plan,” said Greg Morris, Managing Director of Premier Capital Associates.

Jeff McKee, Managing Director at Premier Capital Associates adds, “Interest rates remain at historical lows, however the strong April jobs report coupled with recent rate hikes suggest that the Fed will stay on a steady path of increases.  Hoteliers considering purchase, refurbishment or refinance, would be smart to take action now.”

Premier Capital Associates, LLC, located in Bellevue, Washington, is a national, full-service real estate investment company specializing in debt finance and advisory services for hospitality and other income-producing commercial real estate, with well-established national relationships.  The principals bring over 35 years of commercial real estate finance experience arranging debt for construction loans, acquisition, refinancing, and reposition financing.  For additional information, please contact either Jeff McKee at 425-957-0600 or Greg Morris at 425-957-0700.  Or, visit the company’s Web site: www.premiercapitalassoc.com.

Premier Capital Associates Arranges Funds for Acquisition and Renovation of the Modern Classic Papago Inn, Scottsdale, AZ

BELLEVUE, Wash., May 4, 2017 – Premier Capital Associates, LLC, a national, full-service real estate investment company specializing in debt and advisory services for hospitality real estate, announced today that they arranged funding to support the acquisition and renovation of the midcentury modern treasure – The Papago Inn, Scottsdale.

The total loan amount was approximately $2,500,000.

“Our client came to us to assist them in acquiring and renovating this Scottsdale icon. We were able to structure a package that allowed for both the acquisition of the property, and extensive renovation to restore it to its midcentury glory,” said Greg Morris, Managing Director of Premier Capital Associates.

Jeff McKee, Managing Director at Premier Capital Associates adds “True to our predictions, interest rates are continuing their very gradual upward trend.  While rates remain competitive, growth is slowing, which could lead to additional fiscal policy actions.  The hotelier who hesitates could be priced out of the market sooner than later.”

Premier Capital Associates Arranges Refinancing of the Inn at Northrup Station, Portland OR

BELLEVUE, Wash., March 30, 2017 – Premier Capital Associates, LLC, a national, full-service real estate investment company specializing in debt and advisory services for hospitality real estate, announced today that they arranged refinancing for the Inn at Northrup Station, a one of a kind boutique hotel located along Portland’s celebrated streetcar line.

The total loan amount was approximately $9,200,000.

“The Inn at Northrup Station came to us to get help reducing their operating expenses so they could focus their attention on serving guests at this extraordinary property.  We were able to structure a loan that met their objectives allowing them to do what they do best – deliver a unique hotel experience that truly embodies the spirit of Portland,” said Greg Morris, Managing Director of Premier Capital Associates.

Jeff McKee, Managing Director at Premier Capital Associates says “Underscored by the recent Federal Reserve rate increase, we expect rates to continue their gradual upward movement.  While rates remain at record lows, financial markets continue to tighten.  Hoteliers considering refinancing, acquisition or development, will be best served by acting sooner versus later.”

Premier Capital Associates, LLC, located in Bellevue, Washington, is a national, full-service real estate investment company specializing in debt finance and advisory services for hospitality and other income-producing commercial real estate, with well-established national relationships.  The principals bring over 35 years of commercial real estate finance experience arranging debt for construction loans, acquisition, refinancing, and reposition financing.  For additional information, please contact either Jeff McKee at 425-957-0600 or Greg Morris at 425-957-0700.  Or, visit the company’s Web site: www.premiercapitalassoc.com.

Premier Capital Associates Arranges Financing for Acquisition and Renovation of Crowne Plaza Downtown Memphis, Tennessee

BELLEVUE, Wash., November 17, 2016 – Premier Capital Associates, LLC, a national, full-service real estate investment company specializing in debt and advisory services for hospitality real estate, announced today that they arranged financing necessary to acquire and renovate the Crowne Plaza Hotel in Downtown Memphis, Tennessee.

CP Downtown Memphis.jpg

The total loan amount was approximately $14,200,000.

“Quick access to capital allowed our client to not only purchase but also renovate the Crowne Plaza into a modern, high-quality property. Our ability to structure financing that met the client’s needs and close the transaction rapidly, resulted in this valuable asset being acquired with great terms and renovated in exceptional style”, said Greg Morris, Managing Director of Premier Capital Associates.

Jeff McKee, Managing Director at Premier Capital Associates says, “The uncertainty in the economy will continue to take the financial markets on a wild ride, however we continue to expect fixed rates will remain relatively low through early 2017.  Owners should look closely at their capital needs near term in order to plan their growth strategies with rising rates becoming more of a reality.”

Premier Capital Associates, LLC, located in Bellevue, Washington, is a national, full-service real estate investment company specializing in debt finance and advisory services for hospitality and other income-producing commercial real estate, with well-established national relationships.  The principals bring over 35 years of commercial real estate finance experience arranging debt for construction loans, acquisition, refinancing, and reposition financing.  For additional information, please contact either Jeff McKee at 425-957-0600 or Greg Morris at 425-957-0700.  Or, visit the company’s Web site: www.premiercapitalassoc.com.

Premier Capital Associates Arranges Financing for the Acquisition of the SpringHill Suites by Marriott, Rexburg, Idaho

BELLEVUE, Wash., October 19, 2016 – Premier Capital Associates, LLC, a national, full-service real estate investment company specializing in debt and advisory services for hospitality real estate, announced today that they arranged financing necessary to acquire the SpringHill Suites by Marriott in Rexburg, Idaho.

The total loan amount was approximately $9,500,000.

“The investors had a short window to arrange financing in order to acquire the property.  We were able to structure a loan that met the investors return requirements and closed quickly.  This quick execution enabled the investors to secure a great asset in a unique market,” said Greg Morris, Managing Director of Premier Capital Associates.

Jeff McKee, Managing Director at Premier Capital Associates says “With the strong likelihood of a Federal Reserve rate increase in the relatively near future, interest rates are starting to climb, and the window of opportunity for hoteliers to secure very low rates is getting smaller.  We anticipate fixed rates will remain attractive through Q1 2017, but financing markets are definitely tightening in hospitality.  Hoteliers who act quickly will enjoy a lower cost of capital and participate in the continued growth of the sector.”

Premier Capital Associates, LLC, located in Bellevue, Washington, is a national, full-service real estate investment company specializing in debt finance and advisory services for hospitality and other income-producing commercial real estate, with well-established national relationships.  The principals bring over 35 years of commercial real estate finance experience arranging debt for construction loans, acquisition, refinancing, and reposition financing.  For additional information, please contact either Jeff McKee at 425-957-0600 or Greg Morris at 425-957-0700.  Or, visit the company’s Web site: www.premiercapitalassoc.com.

Premier Capital Associates Arranges Refinancing and Recapitalization of Historic Seattle Arctic Club – a DoubleTree by Hilton Hotel

BELLEVUE, Wash., September 21, 2016 – Premier Capital Associates, LLC, a national, full-service real estate investment company specializing in debt and advisory services for hospitality real estate, announced today that they arranged a refinance and recapitalization of the landmark Seattle Arctic Club.

The total loan amount was approximately $27,000,000.

“With market conditions remaining strong, hoteliers like the owners of The Arctic Club are recognizing that they have the opportunity to reevaluate their overall financing structure and really set the property and investors up for continued long-term financial success.” said Greg Morris, Managing Director of Premier Capital Associates.  “We are honored that the owners of The Arctic Club entrusted us with this transaction.” 

Jeff McKee, Managing Director at Premier Capital Associates says “With the Federal Reserve hinting at another rate hike in the relatively near future, interest rates are starting to creep up, accelerating the timeline to lock in very low interest rates.  Our ability to help hoteliers realize a lower cost of capital after their properties are refinanced at today’s rates, frees up untapped equity they can use for growth.  We anticipate fixed rates will still be attractive through the end of 2016, and into Q1 2017.  However, financing markets are tightening again for hotels.”

Premier Capital Associates, LLC, located in Bellevue, Washington, is a national, full-service real estate investment company specializing in debt finance and advisory services for hospitality and other income-producing commercial real estate, with well-established national relationships.  The principals bring over 35 years of commercial real estate finance experience arranging debt for construction loans, acquisition, refinancing, and reposition financing.  For additional information, please contact either Jeff McKee at 425-957-0600 or Greg Morris at 425-957-0700.  Or, visit the company’s Web site: www.premiercapitalassoc.com.

Premier Capital Associates Arranges Refinancing of Holiday Inn Express Pasco, Washington

BELLEVUE, Wash., September 14, 2016– Premier Capital Associates, LLC, a national, full-service real estate investment company specializing in debt and advisory services for hospitality real estate, announced today that they arranged refinancing for the Holiday Inn Express in Pasco, WA

The total loan amount was approximately $7,400,000.

“Given our current market conditions, many hoteliers are realizing that they have equity in their properties that isn’t being maximized.” said Jeff McKee, Managing Director of Premier Capital Associates.  “To access this available equity, we are getting creative with the way loans are structured.”

Greg Morris, Managing Director at Premier Capital Associates commented, “It continues to be a great time to refinance and plan for future expansion as this developer did.  We were excited to help the hotelier realize a lower cost of capital. This restructuring worked to the group’s advantage and will allow for flexible, efficient future growth.”

Premier Capital Associates, LLC, located in Bellevue, Washington, is a national, full-service real estate investment company specializing in debt finance and advisory services for hospitality and other income-producing commercial real estate, with well-established national relationships.  The principals bring over 35 years of commercial real estate finance experience arranging debt for construction loans, acquisition, refinancing, and reposition financing.  For additional information, please contact either Jeff McKee at 425-957-0600 or Greg Morris at 425-957-0700.  Or, visit the company’s Web site: www.premiercapitalassoc.com.

 

Premier Capital Associates Arranges Refinancing for the Ramada Zephyrhills, Florida

BELLEVUE, Wash., August 25, 2016 – Premier Capital Associates, LLC, a national, full-service real estate investment company specializing in debt and advisory services for hospitality real estate, announced today that they arranged refinancing for the Ramada in Zephyrhills, Florida

 The total loan amount was approximately $3,000,000.

  • “This was an interesting deal to work on.” commented Jeff McKee, Managing Director of Premier Capital Associates.  “The goal was to facilitate a partner buy out while accessing funds to complete a PIP and reposition the property for a new flag.”

Greg Morris, Managing Director at Premier Capital Associates said “The timing of the buyout worked well for the acquiring partner.  This is still a great time to refinance, as many of our clients are realizing a lower cost of capital after refinancing their properties at today’s low rates. This is a trend we expect to continue in 2016.”

Premier Capital Associates, LLC, located in Bellevue, Washington, is a national, full-service real estate investment company specializing in debt finance and advisory services for hospitality and other income-producing commercial real estate, with well-established national relationships.  The principals bring over 35 years of commercial real estate finance experience arranging debt for construction loans, acquisition, refinancing, and reposition financing.  For additional information, please contact either Jeff McKee at 425-957-0600 or Greg Morris at 425-957-0700.  Or, visit the company’s Web site: www.premiercapitalassoc.com.

Premier Capital Associates Arranges Financing for Quality Inn & Suites, Greenfield, IN

BELLEVUE, Wash., March 8, 2016 – Premier Capital Associates, LLC, a national, full-service real estate investment company specializing in debt and advisory services for hospitality real estate, announced today that they arranged a refinance of the Quality Inn and Suites located in Greenfield, IN.   

The total loan amount was approximately $9,500,000.

 “With current market conditions, many hoteliers are realizing that they have equity in their properties that isn’t being maximized.” said Greg Morris, Managing Director of Premier Capital Associates.  “To access this trapped equity, we are getting creative with the way loans are structured.”

Jeff McKee, Managing Director at Premier Capital Associates says “This is still a great time to refinance.  We are able to help hoteliers we are working with realize a lower cost of capital after their properties are refinanced at today’s rates.  This is a trend we expect to see continuing in 2016”

Premier Capital Associates, LLC, located in Bellevue, Washington, is a national, full-service real estate investment company specializing in debt finance and advisory services for hospitality and other income-producing commercial real estate, with well-established national relationships.  The principals bring over 35 years of commercial real estate finance experience arranging debt for construction loans, acquisition, refinancing, and reposition financing.  For additional information, please contact either Jeff McKee at 425-957-0600 or Greg Morris at 425-957-0700.  Or visit the company’s Web site: www.premiercapitalassoc.com

Premier Capital Associates Arranges Financing for Acquisition, Conversion and Renovation in Milwaukee, WI

Premier Capital Associates Arranges Financing for Acquisition, Conversion and Renovation in Milwaukee, WI

BELLEVUE, Wash., January 22, 2015 – Premier Capital Associates, LLC, a national, full-service real estate investment company specializing in debt and advisory services for hospitality real estate, announced today that they arranged financing for an acquisition, conversion and major renovation for a property that transitioned to a Holiday Inn. 

The total loan amount was approximately $9,500,000. 

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Premier Capital Associates Arranges Refinancing for Hilton Garden Inn, Springfield, Oregon

  Premier Capital Associates Arranges Refinancing for Hilton Garden Inn, Springfield, Oregon

BELLEVUE, Wash., September 29th, 2014 – Premier Capital Associates, LLC, a national, full-service real estate investment company specializing in debt and advisory services for hospitality real estate, announced today that they refinanced the Hilton Garden Inn Springfield, Oregon for approximately $14MM.  

The refinance enabled the borrower to replace high interest debt and take advantage of long term, low fixed rates.

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Premier Capital Associates Arranges Acquisition Financing Comfort Inn, Missoula, Montana

Premier Capital Associates Arranges Acquisition Financing Comfort Inn, Missoula, Montana

BELLEVUE, Wash., September 29th, 2014 – Premier Capital Associates, LLC, a national, full-service real estate investment company specializing in debt and advisory services for hospitality real estate, announced today that they had arranged acquisition financing of the 95-room Comfort Inn, Missoula, Montana in the amount of $3,750,000.

The newly renovated Comfort Inn is near the University of Montana and the Missoula Airport.  The owner is looking to re-establish this property in the market place.

“Confidence among hoteliers is up which is spurring some great transactional activity.” 

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SpringHill Suites Construction Loan Arranged by Premier Capital Associates

SpringHill Suites Construction Loan Arranged by Premier Capital Associates

BELLEVUE, Wash., June 18th, 2014 – Premier Capital Associates, LLC, a national, full-service real estate investment company specializing in debt and advisory services for hospitality real estate, announced today that they had arranged construction financing for the SpringHill Suites by Marriott, Kennewick, WA.

Partners at Premier Capital Associates were able to source an $11,500,000 construction loan that will convert into a permanent loan.  The new SpringHill Suites will be adjacent to the Convention Center.  This property falls in line with a noticeable uptick...

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Premier Capital Associates Arranges $3.5-Million Refinancing for Country Inns & Suites

Premier Capital Associates Arranges $3.5-Million Refinancing for Country Inns & Suites

BELLEVUE, Wash., January 10th, 2014 – Premier Capital Associates, LLC, a national, full-service real estate investment company specializing in debt and advisory services for hospitality real estate, announced today that they had arranged and closed a $3.5 million refinancing transaction for a Country Inn & Suites, located in Tempe, Arizona.

“This transaction allowed the owners to extinguish seller originated financing, take advantage of the low interest rate environment and allow them financial flexibility as the economy continues to recover and the property gets a full return on the recent major renovation,” said Jeff McKee, managing director of Premier Capital Associates, LLC.  “Experience and relationships are key components of getting financing completed in today’s market. Our 20-plus years of hotel finance experience allows us to develop creative solutions for our clients.”  

“Regardless of where the hotel industry is on the road to recovery,

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SBA 504 refinancing revival?

SBA 504 refinancing revival?

- Asian Hospitality Judy Maxwell (Assistant Editor)

Hotel industry still lagging, better access to capital critically needed boost, say experts…

Wednesday, July 17, 2013 – DESPITE ALL THE POSITIVE economic news and metrics generated by the US hotel industry, many hotel owners are still treading water as their property values have barely improved in the past few years and remain unattractive for lenders playing the field for hotter hotel prospects.

 “The money is only there for $100m REITS, Wall Street and private equity,” says Nitin Shah, an hotelier and chairman and CEO of Embassy National Bank in Atlanta, a southeast regional operation and a major lender of commercial mortgage loans backed by the Small Business Administration (SBA).

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Lenders, Investors Get Hungry for Hotels as Sector Benefits from Healthy Demand Rates

Lenders, Investors Get Hungry for Hotels as Sector Benefits from Healthy Demand Rates

By: Elaine Misonzhnik for NREI

The U.S. hospitality sector has, until recently, lagged other commercial property types in the recovery from the downturn. Lenders and investors worried about the sector’s close relationship to the overall health of the economy as GDP growth stalled in the low single digits. Yet hotels are coming back in vogue as demand is spiking up just as supply growth has plummeted to a record low in 2012, according to panelists and attendees of New York University’s 35th International Hospitality Industry Investment Conference, which took place in New York City on June 2 through June 4.

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