HILTON DFW LAKES HOTEL RECEIVES $43M IN FINANCING

GRAPEVINE — Holliday Fenoglio Fowler (HFF) has arranged $43 million in financing for Hilton DFW Lakes, a 395-room hotel and conference center comprised of two nine-story towers at 1800 Hwy. 26 E. in Grapevine. A joint venture between Somera Capital Management and affiliates of Zelman Development Co. and Quorum Hotels & Resorts received the financing through Cornerstone Real Estate Advisers. HFF’s John Bourret, Dan Peek and Paul Brindley represented the joint venture, while Tom Cross represented Cornerstone in house. The hotel and conference center features 60,000 square feet of meeting space, a 14,400-square-foot exhibition hall, a private lake, an indoor and outdoor pool, horseback riding, four restaurants and basketball, volleyball and tennis courts.