{"id":1004194964,"date":"2017-10-25T12:32:00","date_gmt":"2017-10-25T20:32:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004194964"},"modified":"2022-12-07T07:22:09","modified_gmt":"2022-12-07T15:22:09","slug":"aloft-and-element-hotels-receive-140m-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/aloft-and-element-hotels-receive-140m-financing\/","title":{"rendered":"Aloft and Element Hotels Receive $140M Financing"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<div id=\"attachment_1004194965\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/AloftandElementSeaportBoston.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004194965\" data-attachment-id=\"1004194965\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/aloft-and-element-hotels-receive-140m-financing\/aloftandelementseaportboston\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/AloftandElementSeaportBoston.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"AloftandElementSeaportBoston\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Aloft and Element Hotels&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/AloftandElementSeaportBoston.jpg?w=800\" class=\"wp-image-1004194965 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/AloftandElementSeaportBoston.jpg\" alt=\"Aloft and Element Hotels\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/AloftandElementSeaportBoston.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/AloftandElementSeaportBoston.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/AloftandElementSeaportBoston.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004194965\" class=\"wp-caption-text\">Aloft and Element Hotels<\/p><\/div>\n<p>HFF arranged $140 million in financing for Aloft and Element Hotels in the Seaport District of Boston. The firm worked on behalf of the borrower, a venture of a fund managed by an affiliate of Ares Management and CV Properties LLC, to secure the loan through Starwood Property Trust. HFF has recently refinanced three <a href=\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-refi-of-boston-hotel-portfolio\/\">Boston-area hotels<\/a> totaling 623 keys.<\/p>\n<p>Located at 401-403 D St., Aloft Hotel, a 13-story building with 330 guestrooms, is adjacent to the Boston Convention and Exhibition Center (BCEC). The hotel features amenities such as a grab-and-go gourmet eatery, fitness center, pool, outdoor entertainment area, Aloft\u2019s signature w xyz bar and 12,000 square feet of function space.<\/p>\n<p>Element Hotel, situated next to Aloft Hotel, at 391-395 D St., was designed for longer-stay travelers and features 180 guestrooms with fully equipped kitchens, flexible work space and spa-inspired bathrooms. The six-story asset comprises a mix of studio and one-bedroom suites, standard king rooms and eight conference suites. Amenities include a pool and fitness center, Restore: Gourmet Pantry, a bike-sharing program and meeting space.<\/p>\n<p><em>\u201cThe hotels opened for business in early 2016 and have enjoyed a strong reception due in part to the phenomenal growth of the Seaport area, the quality of the development and the strong demand generated from the BCEC,\u201d<\/em> said Anthony Cutone, managing director at HFF, in prepared remarks.<\/p>\n<p><em>Image courtesy of HFF<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HFF arranged the financing of the 330- and 180-key hotels on behalf of the borrower, through Starwood Property Trust. The hotels opened for business in 2016.<\/p>\n","protected":false},"author":871,"featured_media":1004194965,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21825,21751,21742,10],"tags":[32888,33121,38069,32792,33469],"class_list":["post-1004194964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-finance","category-hotel","category-latest","category-northeast","tag-aloft-hotel","tag-ares-management-lp","tag-element-hotel","tag-hff","tag-starwood-property-trust"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Aloft and Element Hotels Receive $140M Financing - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/aloft-and-element-hotels-receive-140m-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aloft and Element Hotels Receive $140M Financing\" \/>\n<meta property=\"og:description\" content=\"HFF arranged the financing of the 330- and 180-key hotels on behalf of the borrower, through Starwood Property Trust. The hotels opened for business in 2016.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/aloft-and-element-hotels-receive-140m-financing\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-25T20:32:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T15:22:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/AloftandElementSeaportBoston.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evelyn Jozsa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aloft-and-element-hotels-receive-140m-financing\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/aloft-and-element-hotels-receive-140m-financing\/\",\"name\":\"Aloft and Element Hotels Receive $140M Financing - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aloft-and-element-hotels-receive-140m-financing\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aloft-and-element-hotels-receive-140m-financing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/AloftandElementSeaportBoston.jpg\",\"datePublished\":\"2017-10-25T20:32:00+00:00\",\"dateModified\":\"2022-12-07T15:22:09+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aloft-and-element-hotels-receive-140m-financing\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/aloft-and-element-hotels-receive-140m-financing\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aloft-and-element-hotels-receive-140m-financing\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/AloftandElementSeaportBoston.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/AloftandElementSeaportBoston.jpg\",\"width\":800,\"height\":620,\"caption\":\"Aloft and Element Hotels\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/aloft-and-element-hotels-receive-140m-financing\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Aloft and Element Hotels Receive $140M Financing\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\",\"name\":\"Evelyn Jozsa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"caption\":\"Evelyn Jozsa\"},\"description\":\"Evelyn is a creative writer covering commercial real estate trends and insights in the U.S. Evelyn was previously a senior associate editor at Multi-Housing News and Commercial Property Executive. 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