HREC Arranges $19M Refinancing of Hilton-Branded Hotel in Downtown Birmingham
The 120-room Redmont Hotel Birmingham, Curio Collection by Hilton in downtown Birmingham, Ala., was constructed in 1925 and renovated in 2015.
BIRMINGHAM, ALA. — HREC Capital Markets Group has arranged the $19 million refinancing of Redmont Hotel Birmingham, Curio Collection by Hilton, a 120-room hotel in downtown Birmingham. Greg Porter and Mike Armstrong of HREC arranged the 10-year, fixed-rate loan through a New York-based REIT on behalf of the borrower, a private partnership. Originally constructed in 1925, the hotel underwent a complete renovation in 2015, implementing upgraded technologies and amenities while retaining the 1920s design. The hotel features two restaurants, a rooftop bar, 3,600 square feet of meeting space and a fitness center.