ROCKPORT, ME— The Hartford, CT office of Holliday Fenoglio Fowler LP (HFF) has arranged a $20-million refinancing for Samoset Resort, a 178-room, full-service hotel and 18-hole golf course here. HFF Senior Managing Director Dana Brome worked on behalf of Samorock, LLC, an affiliate of Ocean Properties Ltd., to secure the floating-rate loan through David L. Babson & Co., a correspondent lender. According to Brome: “The floating-rate financing included a feature whereby the borrowers can lock to a fixed-rate loan at their option.” Samoset Resort is a four-diamond resort and part of a 230-acre development on Jameson Point, overlooking the Penobscot Bay and Atlantic Ocean. The property, established in 1889, includes timeshare estates, year-round luxury homes, the oceanfront Flume Cottage, as well as the 178-room/suite hotel included in the financing. Since 1999, the property has undergone an extensive multi-million-dollar renovation and expansion of the resort and golf course facilities. Resort amenities include the aforementioned 18-hole championship oceanfront golf course, a fitness center, a heated swimming pool, saunas, a massage therapy room, an outdoor recreation area with a pool, plus tennis, basketball and volleyball courts. The resort also has four restaurants, ranging from fine dining to an indoor/outdoor café.
