News: Northern New England

Brome and Larkin of HFF secure $13m for two Marriott hotels

The Hartford office of Holliday Fenoglio Fowler, L.P. (HFF) has secured $13 million in financing for the Bangor Fairfield Inn in Bangor, and the Courtyard by Marriott in Albuquerque, N.M. HFF senior managing director Dana Brome and associate director Susan Larkin worked on behalf of Ocean Properties, Inc. to secure two separate seven-year, fixed-rate loans through ING Investment Management. ING provided a $7 million permanent loan for the Albuquerque hotel and a $6 million permanent loan for the Bangor property on an uncrossed basis. Located at 300 Odlin Rd., the Fairfield Inn Bangor is a three-story, limited-service hotel located immediately adjacent to the Bangor International Airport and minutes from downtown.  The property has 153 guest rooms and an indoor pool. The Albuquerque Courtyard Marriott is located at 5151 Journal Center Blvd. close to I-25 and Albuquerque International Sunport.  The property, featuring Santa Fe architectural design, has 150 guest rooms and 4,200 s/f of meeting and banquet space.
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PROCON and Hitchiner break ground on 57,000 s/f shared services operations facility

Milford, NH Hitchiner, in partnership with PROCON’s integrated design and construction team, has officially broken ground on a new 57,000 s/f shared services operations facility at its Elm St. campus. This building will house value-added services used across Hitchiner’s various business units,
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