{"id":1004203121,"date":"2018-01-11T04:52:37","date_gmt":"2018-01-11T12:52:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004203121"},"modified":"2022-12-08T19:44:26","modified_gmt":"2022-12-09T03:44:26","slug":"hff-secures-51m-refi-for-ace-hotel-new-orleans","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-secures-51m-refi-for-ace-hotel-new-orleans\/","title":{"rendered":"HFF Secures $51M Refi for Ace Hotel New Orleans"},"content":{"rendered":"<p>By Tudor Scolca<\/p>\n<div id=\"attachment_1004203168\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Ace-Hotel-New-Orleans-e1515594637371.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004203168\" data-attachment-id=\"1004203168\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hff-secures-51m-refi-for-ace-hotel-new-orleans\/ace-hotel-new-orleans\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Ace-Hotel-New-Orleans-e1515594637371.jpg\" data-orig-size=\"1794,1348\" 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;0&quot;}\" data-image-title=\"Ace Hotel New Orleans\" data-image-description=\"&lt;p&gt;Ace Hotel New Orleans, at 600 Carondelet St. &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Ace Hotel New Orleans, at 600 Carondelet St. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Ace-Hotel-New-Orleans-e1515594637371.jpg?w=1024\" class=\"wp-image-1004203168 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Ace-Hotel-New-Orleans-e1515594637371.jpg\" alt=\"Ace Hotel New Orleans, at 600 Carondelet St.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Ace-Hotel-New-Orleans-e1515594637371.jpg 1794w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Ace-Hotel-New-Orleans-e1515594637371.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Ace-Hotel-New-Orleans-e1515594637371.jpg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Ace-Hotel-New-Orleans-e1515594637371.jpg?resize=1024,769 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Ace-Hotel-New-Orleans-e1515594637371.jpg?resize=1536,1154 1536w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004203168\" class=\"wp-caption-text\">Ace Hotel New Orleans, at 600 Carondelet St.<\/p><\/div>\n<p>HFF has secured a $51 million refinancing for the 234-key Ace Hotel in New Orleans. The borrower is a partnership\u00a0between Domain Cos. and Avenue Capital Group. The floating-rate loan was provided by TPG RE Finance Trust.<\/p>\n<p>Ace Hotel New Orleans is situated in the heart of the city, minutes away from the French Quarter, at 600 Carondelet St. It was originally built in 1928 and fully renovated and transformed into a hotel in 2016 by The Domain Cos. An additional four-story building was erected on an adjacent lot. The Art Deco building also features 31,000 square feet of retail, restaurant, meeting space for live music, an art gallery, various boutique outlets and a gym.<\/p>\n<h2>The heart of New Orleans<\/h2>\n<p>Multiple entertainment venues, bars and restaurants are within walking distance of the Ace Hotel. Sitting at the confluence of New Orleans\u2019 business, sports and entertainment districts, guests can walk or take a streetcar towards the multiple attractions the city has to offer. Louis Armstrong International airport is 20 minutes away.<\/p>\n<p>\u201c<em>The Ace Hotel New Orleans is a unique, best-in-class asset, which has carved its own niche within the New Orleans hospitality market and local community. It was a pleasure working with TPG, a lender who immediately recognized the hotel\u2019s merit and Domain\u2019s unparalleled market expertise,<\/em>\u201d said Christopher Peck, managing director at HFF, in a prepared statement.<\/p>\n<p>HFF recently secured another refinancing loan for a three-asset <a href=\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-refi-of-boston-hotel-portfolio\/\">hotel portfolio in Boston.<\/a><\/p>\n<p><em>Image courtesy of HFF<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Originally constructed in 1928, the Art Deco-style building was renovated and transformed into a hotel in 2016 by The Domain Cos.<\/p>\n","protected":false},"author":1284,"featured_media":1004203168,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21751,1599,21742],"tags":[38824,38825,37359,37071],"class_list":["post-1004203121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-hotel","category-new-orleans","category-latest","tag-ace-hotel","tag-christopher-peck","tag-the-domain-companies","tag-tpg-re-finance-trust"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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