Frontier Development & Hospitality Group has secured a $14.14 million refinancing for the firm’s DoubleTree by Hilton Hotel Largo/Washington D.C. Working on behalf of the borrower, Holliday Fenoglio Fowler sourced a seven-year, 4.1 percent, fixed-rate, non-recourse loan. Proceeds from the funding will be used to refinance an existing construction loan used to acquire, renovate and rebrand the hotel from a Radisson into a DoubleTree. The financing will also enable the release of excess land that had been encumbered by the previous loan. The 184 room hotel in the Washington, D.C. community of Largo, Maryland, is located at 9100 Basil Court. The HFF debt placement team representing the borrower was led by director Jeff Bucaro and real estate analyst Nicole Schmidt with assistance from managing director Mark Remington.
