News for the Hospitality Executive
6, 2008 - Hospitality industry veteran Dr. Donald W. Wise is pleased to
announce that the Global Hospitality Industry practice of Johnson Capital,
partnered with Steve Bridges, Principal, Pacific Southwest Realty Services,
and Dennis A. Mac Donneil, Principal, of the Lok Group of Companies, to
successfully close the refinance of the Holiday Inn Express Hotel &
Suites in Sebastopol, in the Sonoma Wine Country.
“This was a challenging refinance for several unusual reasons,” said Wise. “The borrower was approved by Marriott International to convert the hotel to a Fairfield Inn & Suites by Marriott. Among the key issues was getting a release of $1,250,000 in proceeds to execute the renovation and Product Improvement Plan and Brand mandated standards for the conversion – therein was the riddle.”
Johnson Capital is committed to offering the hospitality industry proprietary loan programs for Brand based-lending for Hilton, IHG, Marriott, Wyndham, and Choice. Individual loans under these programs will range from $4 to $20 million.
Most hotels of the Hilton Garden Inn, Hampton Inn and Suites, Holiday
Inn Express, Marriott Springhill Suites, and Fairfield Inn and Suites venues,
by example, need a complete Property Improvement Plan (“PIP”) renovation
at least every ten years. This can range from $8,000 to $15,000 per guestroom.
Johnson Capital was recently featured on International Bloomberg television: http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vH4HCPuwIpeA.asf
The Johnson Capital Global Hospitality Industry investment banking practice provides high touch investment advisory, investment banking, transactional (brokerage) services, and financing placement of both debt and equity in the $10,000,000 to $300,000,000 range. The Johnson Capital Express hospitality loan program lends between $1 million and $5 million, but on a case-by-case basis, will lend up to $10 million. These combined services are primarily focused on the Hilton Garden Inn, Hyatt Place, Cambia Suites, Marriott Fairfield Inn, Staybridge Suites, Towne Place Suites, Marriott Springhill Suites, and Holiday Inn Express for both construction and acquisition/refinance debt placement. In full-service hospitality properties, this includes the upscale, luxury and boutique market tiers for domestic and International hotels, both branded and unbranded, as to resorts, gaming, condominium-hotels, timeshare, fractional and mixed-use projects, with and without golf, that have a lodging component.
Capital market programs include:
Johnson Capital is one of the largest and most prominent real estate investment banking and commercial mortgage brokerage firms in the United States. Since its inception in 1987, aggregate transaction volume has soared to over $25 billion. The firm now has 21 offices nationwide: Irvine (corporate headquarters), Newport Beach, Los Angeles, Encino, San Diego, San Jose, San Francisco, Napa Valley, Phoenix, Denver, Vail, Salt Lake City, Dallas, Kansas City, Little Rock, Boca Raton, Washington, D.C., New York City, Norwalk, CT. The firm has International offices in: Madrid, Cabo San Lucas, Puerto Vallarta, and Bangalore, India, servicing India, Dubai, and the United Arab Emirates.
Dr. Donald W. Wise
|Also See:||Johnson Capital 100% on track in 2008 Supporting all of the Major Hospitality Conferences Including: Platinum Sponsor at ALIS, Developing & Financing Hotel Waterpark Resort Workshop, JMBM Hotel Development, RealShare Debt and Equity, JMBM Meet the Money, Platinum Sponsor at NYU, Midwest Lodging Investors Summit, Phoenix, and Rome / February 2008|
|Johnson Capital 100% on track supporting all of the major Hospitality Conferences including Phoenix, Rome, ALIS, JMBM, RealShare and NYU; The firm is sponsoring and speaking at all of the major hospitality events for the balance of 2007 and 2008 / September 2007|
|Johnson Capital Welcomes Bryan K. Williams, CQA, Chief Service Officer and Baldrige Examiner, of B. Williams Enterprise, LLC, to their Global Hospitality Industry Advisory Board / September 2007|
|Johnson Capital Welcomes David M. Brudney, ISHC. Principal, David Brudney & Associates, of Carlsbad, CA to their Global Hospitality Industry Advisory Board / September 2007|
|Johnson Capital Welcomes Melinda Bush, CHA, President and Chief Executive Officer of HRW Holdings, LLC, to their Global Hospitality Industry Advisory Board / July 2007|
|Johnson Capital Creates Strategic Alliance with Hospitium; Firm to Provide Hospitality Research and Consulting for High-End Resorts and Mixed-Use Hospitality Projects / July 2007|
|Johnson Capital Creates Global Hospitality Group for International Hotel and Resort Investment Banking; Dr. Donald W. Wise Named Managing Partner / April 2007|
|Resorts, Marinas and Vineyards, Inc. Represents Craig and Kathryn Hall in the Acquisition of La Residence, a Twenty-five Room Resort in Napa Valley, California / January 2007|
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