Grand Naniloa Hotel Hilo, A Doubletree by Hilton
Full Service Hotel
We have appreciated working with the HALL Structured Finance team through the many final details required for loan closure. HALL’s expertise in making real estate deals combined with an entrepreneurial approach and an understanding of the hotel sector allowed us to maximize the project.
First-lien construction loan totaling $18.5 million to complete renovations on a property conversion to a DoubleTree by Hilton in Hilo, HI.
The borrower is Honolulu-based WHR LLC, a holding company formed by Hawaii-based Tower Development Inc.
The project is located on state-owned land leased on a long term basis requiring unique deal structuring and an ability to work through the state’s concerns about the project.
Loan proceeds will be used to renovate all 388 guestrooms; the hotel lobby, bar and restaurant; the pool and golf course clubhouse; and more than 20,000 sq. ft. of meeting and banquet space.
We are driven by the visions of our clients and fueled by our team’s uncompromising work ethic. With close to a billion dollars funded in first lien construction and bridge debt, mezzanine debt and preferred equity investments, the team’s focus on strong market fundamentals and quality assets paves the way for our proven track record.
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