AFC secures $30m for hotels.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, a capital provider that has sourced more than $400 million for hospitality development, construction and renovation projects in the first half of 2007 alone, arranged $30.8 million in financing for five hotel properties in Pensacola, Fla.; Allentown, Pa.; Pooler, Ga.; Omaha, Ne.; and Cullman, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .. Peter M. Berk, president of AFC Hotel Finance Group, made the announcement. "Middle-market hospitality developments have demonstrated a continued strength during the last five years, particularly in the secondary and tertiary US markets," Berk stated. "All of these assets are centrally-located, well-managed and remained attractive to our institutional investment partners." Among the transactions secured by AFC is a $8 million permanent loan for Comfort Inn Pensacola, located at 8080 N. Davis Highway in Pensacola, Fla. The 115-room hotel offers a business center with meeting rooms, complimentary wireless internet, a seasonal outdoor pool, on-site fitness center, free parking and proximity to West Florida
West Florida was a region on the north shore of the Gulf of Mexico, which underwent several boundary and sovereignty changes during its history. Hospital and University Mall University Mall is the name of one of several shopping malls in the United States:
AFC also arranged a $6.3 million permanent loan for The Comfort Suites-Allentown, a 120-room hotel at 3712 Hamilton Blvd. in Allentown, Pa.. The hotel features a fitness center, an on-site O'Haras restaurant, a meeting space with computer stations and complimentary high-speed Internet See broadband. access. AFC secured a $6 million permanent loan for the Holiday Inn Hotel & Suites Savannah-Pooler, located at 103 San Drive in Pooler, Ga.. The 329-room hotel offers four professional meeting rooms, a fitness center and indoor swimming pool, an on-site convenience store and all modern amenities. Additional capital provided by AFC includes $5.5 million in permanent financing Permanent financing Long-term financing using either debt or equity. permanent financing The long-term financing that supports a long-term asset. for the Holiday Inn Express Hotel & Suites-Omaha West, located at 17677 Wright St. in Omaha. Amenities at this 80-room hotel include a fitness center, an indoor heated pool and is minutes away from the Lake Zorinski Recreation Area. Lastly, AFC Hotel Finance Group secured a $5 million permanent loan for the Holiday Inn Express Hotel & Suites-Cullman at 2052 Hayes Drive N. W. in Cullman, Ala. The 78-room facility features high speed internet access See how to access the Internet. throughout the hotel, a meeting room and a fitness center with indoor swimming pool. |
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