RobertDouglas Advises DeBartolo Development and OPTrust on the $30 Million Refinancing of the Hampton Inn & Suites Oahu/Kapolei in Kapolei, Hawaii
Los Angeles, CA -- RobertDouglas announced today that it advised DeBartolo Development and OPTrust in the $30 million refinancing of the Hampton Inn & Suites Oahu/Kapolei in Kapolei, Hawaii. The five-year, floating-rate, interest-only financing was provided by First Hawaiian Bank, who offered a customized structure with prepayment flexibility that met the owner's needs.
The Hampton Inn & Suites Oahu/Kapolei, located 15 miles west of the Daniel K. Inouye International Airport and 25 miles west of downtown Honolulu, features modern, Hawaii-inspired guestrooms and suites, 886 square feet of meeting space, an outdoor swimming pool, and complimentary business and fitness centers.
"Lenders responded enthusiastically to the deal's excellent sponsorship, high-quality real estate, and quickly-ramping cash flows," remarked Lindsey Whang, a Senior Associate at RobertDouglas. "With a complicated leasehold structure with an entity affiliated with the State of Hawaii, First Hawaiian Bank ultimately delivered the most favorable terms at highly efficient pricing with a quick underwriting and closing process," noted Stephen O'Connor, a Principal and Managing Director of RobertDouglas.
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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 several of the hotel industry's pre-eminent hotel finance professionals, 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 email@example.com or go to www.robert-douglas.com.