JV Secures $28.1 Million Refi for The Hotel Derek
Lowe Enterprises Investors and True Road Hospitality secured $28.1 million in cash neutral refinancing for the Hotel Derek in Houston’s Galleria/Uptown district.
Completed in 1979, the Hotel Derek is an independent, lifestyle hotel home to 312 guestrooms over 14 stories.
Located inside of Houston’s 610 Loop at 2525 W. Loop South Fwy., the hotel is home to more than 10,000 square feet of meeting space, the Revolve Kitchen + Bar, an outdoor pool…