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RobertDouglas Advises Justice Investors on Refinancing of Hilton San Francisco Financial District

San Francisco, CA - 01 July 2014

Robertdouglas Advises Justice Investors On The Refinancing Of The Hilton San Francisco Financial District

RobertDouglas announced today that it advised Justice Investors in the $117 million refinancing of the Hilton San Francisco Financial District.  The 10-year, fixed rate financing was provided by Bank of America Merrill Lynch and Clarion Partners.

Ideally located in the heart of San Francisco, the iconic hotel is at the crossroads of the Financial District, Chinatown and North Beach.  Guests are within walking distance to the 52.7 million-square-foot Central Business District, the Embarcadero and landmark Ferry Building, Union Square, and Fisherman’s Wharf.  The hotel features 543 spacious guestrooms, including three presidential and four junior suites, three food and beverage outlets, a 5,400-square-foot full-service spa, approximately 20,000 square feet of flexible meeting space, and the Chinese Culture Center.

Chris Ropko, Director at RobertDouglas, noted, “The San Francisco lodging market is exhibiting phenomenal momentum, which was widely recognized and well received by prospective lenders.  We assembled very strong proposals that encompassed conduits, insurance companies, debt funds, mortgage REITs, and national banks, providing ownership with a wide range of financing structures.  The necessity for both duration and flexibility guided the selection process.”

“The current Sponsorship has been a staple in the local community for over four decades, so we were very careful in structuring the most accommodative long-term financing possible,” remarked Rob Stiles, Founding Principal and Managing Director at RobertDouglas.  “The lender universe proved very competitive for this class A asset, but at the end of the day, one lender offered the most responsive and flexible financing proposal that best met our client’s overall objectives.”

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