BERKELEY, CA—HREC Investment Advisors' Capital Market Group has arranged the $32.5 million acquisition financing for the 378-guestroom DoubleTree by Hilton located in Berkeley.
HREC arranged the 5-year floating rate loan. The buyer is an offshore investor.
Jake Stahler, SVP of HREC Group exclusively represented the buyer in the transaction.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
