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Featured in the Dallas Morning News:
Dallas’ Hall Structured Finance is starting the new year with a trip to Disney World.
The lending arm of Hall Group is making a $140 million construction loan on four new hotels with almost 1,000 rooms at the entrance to the Florida resort.
The hotels are part of the Flamingo Crossings Town Center development at the western entrance to Walt Disney World in Orlando.
The projects include a 223-room Residence Inn by Marriott, a 273-room Fairfield Inn by Marriott, a 229-room Homewood Suites by Hilton and a 272-room Home 2 Suites by Hilton.
The hotels are a project of Alabama-based real estate developer Doradus Partners.
“These four new hotel developments will offer something for every traveler, with both a mix of regular and extended-stay products, presenting exciting new lodging options for visitors to the area,” Mike Jaynes, president of Hall Structured Finance, said in a statement.
“Marriott and Hilton’s strong loyalty programs, coupled with the strength of the development team and unbeatable location just west of the Walt Disney World Resort theme parks, made this an ideal project for our loan program.“
The hotels are near a new 200,000-square-foot retail center.
Hall Structure Finance has provided loans for hotel projects across the country. In 2019, the company did $500 million in deals and is shooting for $600 million in transactions this year.
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