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$35m Texas hold 'em.


AFC (1) (Application Foundation Classes) A class library from Microsoft that provides an application framework and graphics, graphical user interface (GUI) and multimedia routines for Java programmers.  Hotel Finance Group arranged financing for a $35 million portfolio encompassing four hotel properties in Irving and Dallas, TX.

AFC secured the capital on behalf of Chase Hospitality Resources, a Dallas-based hotel investment and management firm. Peter M. Berk, President of AFC Hotel Finance Group, made the announcement.

"The Dallas hotel and motel market has demonstrated a continued strength over the last five years, and Chase Hospitality sought to take advantage of this climate," Mr. Berk stated.

"All of these assets are centrally-located, well-managed and remained attractive to our Europe-based institutional investment partners and in-house financing team."

The portfolio includes two SpringHill Suite franchises in Irving and Dallas. The Dallas location, at 2363 Stemmons Trail in Dallas, offers proximity to Texas Stadium, Love Field Airport, and is close to many corporate offices and Galleria Mall. The asset features a fitness center, pool and a professional on-site conference room.

The SpringHill Suite branch in Irving is located at 5800 High Point Drive, conveniently situated near Dallas Fort-Worth International Airport. The property is a 124-room, four-floor hotel offering a modern fitness facility with swimming pool and high-speed internet See broadband. .

The portfolio also includes a Courtyard by Marriott Courtyard by Marriott is a brand of hotels owned by Marriott International. They have over 2,800 hotels worldwide, as of June 2007. Courtyard by Marriott is designed for business travelers.  at 4940 Regent REGENT. 1. A ruler, a governor. The term is usually applied to one who governs a regency, or rules in the place of another.
     2. In the canon law, it signifies a master or professor of a college. Dict. du Dr. Call. h.t. 3.
 Blvd. in Irving, a 153-room, three-floor property with complimentary parking, an on-site restaurant, room service, a cocktail cocktail, short mixed drink originating in the United States and served as an appetizer. It generally has a basis of gin, whisky, rum, or brandy combined with vermouth or fruit juices and often flavored with bitters or grenadine.  lounge, laundry valet, and self-service laundry A self-service laundry is a facility where clothes are washed and dried. They are known in the UK as launderettes or laundrettes - and in the USA as laundromats (from the genericized trademark of the Westinghouse Electric Corporation).  facilities.

Also in the portfolio is the 137-room Homewood Suites by Hilton at 2747 North Stemmons Freeway in Dallas.
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Publication:Real Estate Weekly
Date:Aug 15, 2007
Words:240
Previous Article:Secondary hotel markets take center stage.
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