Quanah Hospitality Partners, LP has announced a total capitalization of $100,000,000 for Phase One of its Value Place^® Development Program for the acquisition, development and operation of fifteen Value Place^® short term stay residential properties.

NorthStar Realty Finance Corp. provided the mezzanine and senior loan portions of the capital stack.  NorthStar is a publicly traded REIT based in New York and known as a leader in the CDO market.

These loan facilities provide Quanah Hospitality with attractive non-recourse loan financing for 90% of the development’s cost that will enable Quanah to complete the development of the first phase of Value Place^® development.

Currently, Quanah has two Value Place^® developments in operations, three under construction and another 23 under development.