AFC Realty tries its foreign fortune.As part of an aggressive campaign to strengthen its presence in new territories, 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 has arranged financing for a 306-room hotel in Canada. AFC Hotel Finance Group recently secured a $20 million loan to refinance the prominent Sheraton Cavalier Hotel in Calgary, Alberta, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Peter Berk, president of AFC Hotel Finance Group, a wholly-owned division of Manhattan-based AFC Realty Capital. The transaction attracted a tremendous amount of lender attention due to the high quality of the asset and low leverage nature of the loan, Mr. Berk noted. The fixed-rate loan Fixed-rate loan A loan whose rate is fixed for the life of the loan. was originated and placed by Mr. Berk with a Canadian Bank and will be part of a Canadian securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. this month. "This was a great example of how we were able to bring our hotel knowledge and capital markets experience to areas outside of the U.S. and create a sophisticated financial offering for the owner," he said. "Ultimately, it is the owner who wins by getting the very best rate and terms available in their market." Situated just 10 minutes away from the Calgary International Airport Calgary International Airport, (IATA: YYC, ICAO: CYYC), is the main airport that serves Calgary, Alberta, Canada and the surrounding region; It is located 17 km from the downtown core. It is one of Canada's busiest airports by passenger traffic, serving 11. and City Centre, the Sheraton Cavalier Hotel boasts a prime location in the heart of the city, offering fabulous views of Calgary's skyline and the Rocky Mountains Rocky Mountains, major mountain system of W North America and easternmost belt of the North American cordillera, extending more than 3,000 mi (4,800 km) from central N.Mex. to NW Alaska; Mt. Elbert (14,431 ft/4,399 m) in Colorado is the highest peak. . The upscale full-service hotel features two luxury restaurants and two lounges. Other amenities at the property include the Oasis River Country atrium waterpark, featuring two giant waterslides, two whirlpools, saunas and a large main pool, kiddie pool, 24-hour exercise facility aria snack bar. |
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