Thayer Lodging Group Closes $135 Million in Financing for Purchase of RIHGA Royal Hotel New York; Holliday Fenoglio Fowler Acted as Exclusive Advisor in Transaction.Business Editors & Real Estate Writers NEW YORK--(BUSINESS WIRE)--March 20, 2001 RIHGA Royal Hotel New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , a 55-story high-end hotel in midtown Manhattan, has been purchased by Thayer Hotel The Thayer Hotel is located on the banks of the Hudson River at 674 Thayer Road in West Point, New York on the campus of the United States Military Academy. It was built to handle the families of students. It is named after the Sylvanus Thayer, the founder of the Academy. Investors with $135 million in first mortgage financing provided by German-based DePfa Bank. Holliday Fenoglio Fowler, L.P., the nation's leading intermediary of capital for the commercial real estate industry, acted as a financial advisor for Thayer in the transaction. Whitney Wilcox and Michael Tepedino in Holliday Fenoglio Fowler's New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. office, along with John Duffy The name John Duffy may refer to:
Thayer Hotel Investors plans to re-brand the popular 500-suite luxury hotel as a JW Marriott, and the property will likely serve as a flagship for the JW chain in the U.S., Mr. Tepedino said. Built in 1990 by Osaka, Japan-based Royal International Hotel Group and Associates, the hotel is located at 151 West 54th Street -- in the heart of Manhattan's business center, close to Broadway theaters, cultural institutions such as Carnegie Hall Carnegie Hall Concert hall in New York, N.Y., U.S. It was endowed by the industrialist Andrew Carnegie at the insistence of the conductor Walter Damrosch (1862–1950). , the Museum of Modern Art and the city's finest restaurants. "This property is a key acquisition for Thayer's portfolio of high-end hotels, and they are committed to maintaining its reputation of unmatched service," Mr. Tepedino said. "We were honored to participate in an advisory role in evaluating Thayer's funding options." Based in Annapolis, Md., Thayer Lodging Group, sponsor of Thayer Hotel Investors, is a venture capital operating company operating company A business that engages in transactions with outsiders. focused on investment in the lodging industry. The company serves a significant group of institutional clients, sponsoring pooled investment funds and direct investment and advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal . In 1999, the Thayer team led the acquisition of the Marriott Wardman Park Hotel, which is Washington D.C.'s largest hotel. Holliday Fenoglio Fowler is the country's largest intermediary of capital for the commercial real estate industry. In 2000, the national mortgage intermediary firm's debt, structured finance and investment sales transactions totaled more than $11 billion. |
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