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.
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 in January 2013 and currently led by its four partners, Rob Stiles, Doug Hercher, Stephen O'Connor and Evan Hurd, RobertDouglas offers access to exceptional domestic and international institutional investor and lender relationships as it combines the capital markets sophistication of top-tier investment banks with diligent hotel underwriting and proven asset management experience. For more information, contact [email protected]‐douglas.com or go to www.robert-douglas.com.
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