Celebrity Resorts

Farmington Savings Bank has entered into a $25-million loan agreement with Celebrity Resorts, an Orlando-based timeshare company. Celebrity Resorts will use the funds to acquire additional resort properties and develop management opportunities.

Four Seasons Scottsdale

Jones Lang LaSalle's Real Estate Investment Banking team, working with Jones Lang LaSalle Hotels, secured a $75-million loan for the refinancing of the Four Seasons Resort Scottsdale at Troon North. The initial two-year, floating-rate loan includes an attractive multi-year extension that gives Walton Street Capital the necessary flexibility to recapitalize the resort. The Four Seasons Resort Scottsdale is an ultra-luxury resort featuring 210 guestrooms and suites, 36,000 square feet of meeting space, a world-class spa, recreational facilities and restaurants.

Hampton Inn Craig City

Rock South LLC of Cleveland purchased a Hampton Inn in Rock Hill, SC for $17.4 million. Hodges Ward Elliott's Focused Service Division represented seller Catawba Hotel Associates. The five-story, 162-room hotel near Charlotte, NC will undergo renovation and continue operating under the Hampton Inn flag.

Motel 6 Denver

Mumford Company represented Motel 6 and Accor Hospitality in the sale of a Motel 6 in Denver, CO to a private party. Randy Lee with the Mumford Company's Dallas, TX office facilitated the sale of the five-story, 138-room hotel. The hotel will continue to operate as a Motel 6 under a long-term license agreement.

Motel 6 Fayetteville

Randy Lee, Mike Frances and Bryan Blanchard of the Dallas, TX office of the Mumford Company represented Motel 6 and Accor Hospitality in the sale of the Motel 6 in Fayetteville, AR. The buyer, Akor Hospitality, will operate the hotel under the Motel 6 banner.

Premier Capital Associates

Four loans totaling $22.5 million were arranged and successfully closed by Premier Capital Associates of Bellevue, WA. The hotels include the Hampton Inn & Suites, Jackson, MS; Homewood Suites, Overland Park, KS; the La Quinta Inn & Suites, Portland, OR; and the Fairfield Inn in Kennewick, WA. The separate transactions ranged from $4 million to nearly $10 million per asset.

RockBridge Partners

RockBridge Partners, an affiliate of Rockbridge Capital, closed a $45.9-million acquisition of a 461-room hotel portfolio, a 31,933 square foot office/retail property known as the Gateway Center and a 4.57-acre parcel of land, all in North Carolina. The original developer, William Hull Jr., will remain as a minority partner. Hospitality Ventures will manage the portfolio of hotels, consisting of a 168-room Holiday Inn — currently being converted to a 166-room Doubletree — a 78-room Residence Inn, a 90-room Courtyard and a 125-room Comfort Inn.

Sheraton Augusta

On behalf of Stevens Creek Developments, Jones Lang LaSalle Hotels arranged a $13.6-million construction loan for a planned 154-room Sheraton Hotel to be built in Augusta, GA. Scheduled to open in 2009, the five-story Sheraton Hotel Augusta will occupy a seven-acre site.