Tuesday , 22 August 2017
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Hotel Zaza Refinances $50 Million

HOUSTON – HFF has arranged a $50 million refinancing for Hotel Zaza, a 315-room luxury hotel in Houston’s Museum District.

HFF worked on behalf of the owners of Hotel Zaza to secure the 10-year, fixed-rate loan through Goldman Sachs Commercial Mortgage Capital, LP. 

Hotel Zaza is located at 5701 Main Street adjacent to the renowned Texas Medical Center and Rice University in Houston’s Museum District.  Originally built in 1925 as the Warwick Hotel,  the property was substantially renovated, and reopened in 2007 as Hotel Zaza, a boutique hotel with 241 guest suites, 51 villas and suites, 10 concept suites and eight “Magnificent Seven” ultra-luxury suites.  Hotel amenities include ZaSpa, a pool with private cabanas and full-service bar and grill, 21,000 square feet of meeting space and the Monarch Restaurant.

The HFF team representing the borrower was led by senior managing director Mark West, director John Bourret and associate director Colby Mueck.

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