200,000-sf Hilton Embassy Suites coming to Amarillo200,000-sf Hilton Embassy Suites coming to Amarillohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112802015-11-24T06:00:00Z2015-11-24T18:00:00Z

​​AMARILLO – Irving-based hotel developer NewcrestImage has landed more than​ $28 million in financing to develop a 225-room, full-service Embassy Suites hotel that will help anchor a larger redevelopment project in the area.

HFF secured the $28.2 million in financing on behalf of the borrower through Fort Worth-based Southwest Bank.

The 200,000-sf Hilton-branded hotel is part of the planned improvements for downtown surrounding the city's civic center. The area includes a multipurpose convention center, parking garage, entertainment venue and ballpark. 

Plans include 30,000 sf of meeting and function space, 300 parking spots in an adjacent parking garage for the hotel's exclusive use, lounge and lobby bar, full-service restaurant, pool and fitness center.

Construction is slated for completion in 2017.

Dallas Business Journal
http://www.bizjournals.com/dallas/blog/morning_call/2015/11/irving-based-developer-gets-28m-to-build-new-hotel.html?ana=e_dal_rdup&s=newsletter&ed=2015-11-24&u=yG2E0oPJdYiGi7lZ36mOd56qtUl&t=1448382159Read more at {Source}

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