NEW YORK—Holliday Fenoglio Fowler, L.P. (HFF) has arranged a $37.5 million refinancing for the Warwick Denver Hotel, a 216-room, full-service hotel in downtown Denver, Colorado. HFF worked on behalf of Warwick International Hotels (WIH), to place the loan with Aareal Capital Corporation.
Loan proceeds were used to refinance an existing loan and to fund aesthetic renovations to the property, according to HFF.
The hotel is located at 1776 Grant St. on the corner of East 18th and Grant St. near the Colorado State Capital, 16th St. Mall, Colorado Convention Center and the Denver Art Museum. It features a rooftop pool with views of downtown Denver and the Rocky Mountains; guestrooms with floor-to-ceiling windows and private balconies; and 11 meeting spaces totaling 7,874 sq. ft.
”Warwick International Hotels and HFF have worked together for more than two decades,” said Mike Tepedino , senior managing director for HFF. “The Warwick Denver Hotel is a prime example of the borrower’s global brand that exemplifies a worldwide standard of excellence.”
WIH owns and operates 21 hotels, manages nine on behalf of owners and has marketing affiliations with 33 additional hotel properties. Its flagship property is the New York Warwick, which was founded in 1980.