Neptune Hospitality Advisors Secures $10 Million Debt Financing for Arizona Hotel
SAN DIEGO, California - - -| Michael D. Armstrong, President of Neptune Hospitality Advisors, Inc., is pleased to announce his firm arranged the senior financing for the acquisition of the 276-room Sunshine Hotel and Suites located in Phoenix, Arizona. Neptune procured a $10.3 million five-year floating rate loan through national commercial finance company. Hansji Hotels, an Orange County based hotel owner, operator and developer acquired the hotel.
The Sunshine Hotel & Resort is located in the Financial District opposite one mile from downtown and six miles from Sky Harbor International Airport. The hotel will be completely renovated including all guestrooms and public space and converted into a Holiday Inn. A separate 10-story tower on the property will provide further redevelopment opportunities beyond the Holiday Inn conversion. "We see a tremendous opportunity to fully renovate the property and help bring new life to the Midtown Financial District of Phoenix," said Sajan Hansji, Principal of Hansji Hotels.
"We are able to source compelling loans for opportunistic hoteliers," commented Stan Kozlowski, Vice President of Neptune Hospitality Advisors. "Our principals' backgrounds combine Wall Street investment banking, hotel acquisitions, hotel brokerage, real estate financing, hotel operations and hotel appraisal experience cohesively. In turn, we are able to become an integral part of the transaction process, providing useful insight, deal structuring and other advice throughout a transaction. This is especially important in opportunistic hotel deals that require a high level of operational knowledge, market insight and financial structuring."
Neptune Hospitality Advisors is an international real estate firm dedicated to the hotel industry that specializes in capital advisory and investment sales. As a boutique, client-focused firm, Neptune provides a principal-to-principal focus and sophisticated approach in providing their real estate and financing services to the hospitality industry.
Hansji Hotels (www.hansjihotels.com) is a rapidly growing company that operates over 1,000 rooms in California and Arizona and currently has another 500 rooms in the development pipeline.
For more information, contact Michael Armstrong at (858) 964-5678 or email HYPERLINK "mailto:[email protected]" [email protected] or view the company website at HYPERLINK "http://www.neptunehospitalityadvisors.com" www.neptuneha.com.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
