SUGAR LAND, TX—Noble Investment Group has secured acquisition financing arranged by HFF for the 214-room Hyatt Place Houston/Sugar Land.
HFF placed the five-year, floating-rate loan with Texas Capital Bank.
The Hyatt Place Houston/Sugar Land is located on 3.69 acres at 16730 Creek Bend Drive at the intersection of Highway 6 and U.S. 59. The hotel, which opened in 2010, has 6,000 sq. ft. of meeting space, food and beverage options, outdoor swimming pool, express check-in and check-out kiosks, complimentary shuttle service and a 24-hour fitness room and business center.
The HFF debt placement team was led by managing director John Bourret and director Colby Mueck.