Franklin Property Corporation arranged the construction and permanent financing for the new Hampton Inn and Suites in Pinedale, Wyoming. Retained by one of the leading national hotel development and management companies—Hotel Investment Services, Inc.—Franklin Property was able to secure financing on behalf of an investment group at the height of the financial crisis. Hampton Inn and Suites, a 102-room hotel, is scheduled to open February of 2009.
The Pinedale Hampton Inn is one in a series of hotels developed and managed by Hotel Investment Services as part of its expansion into the Wyoming marketplace. The company manages a portfolio of hotels, conference centers, golf courses and retreat centers throughout the country.
Franklin Property Corporation has also been retained by the company to assist it in site planning and due diligence evaluation for other area hotels.