FRISCO, TX – Mike Jaynes, president of Hall Structured Finance, announced today that the company has provided $13,100,000 to Sava Holdings, Ltd. (“Sava”) to facilitate the construction of a 123-suite Element Hotel near the Dallas/Fort Worth International Airport. The Element Hotel flag is an extension of Starwood Hotel and Resorts (“Starwood”) and will be Starwood’s new extended-stay hotel brand.

Hall Structured Finance has previously provided construction financing to Sava for a Staybridge Suites Hotel and a Holiday Inn Hotel & Suites, both in the Dallas metropolitan area.

“Sava is a valued customer of Hall Structured Finance and we are excited to be part of Starwood’s recently unveiled extended-stay hotel brand,” said Jaynes. “We have confidence in the sponsors and have found them to be unique in that they act as developer, architect, general contractor and property manager. Sava’s vertically integrated organization allows them to deliver a high quality project at below average pricing.”

“Hall Structured Finance has a wealth of real estate ownership, development, management and finance experience,” said Suhas Naik, a principal with Sava. “They are an ideal lender with the ability to understand the value that our broad expertise brings to the transaction.”

Principals of Sava have extensive real estate ownership and development experience with an emphasis on hotels in the Dallas/Fort Worth area.

ABOUT HALL STRUCTURED FINANCE
Hall Structured Finance specializes in pursuing real estate and other investments typically bypassed by others. It targets undervalued assets where it can add value and facilitate completion. Hall Structured Finance provides first lien, mezzanine and preferred equity financing for office, retail, hotel, multifamily, condominium and land. It also provides DIP financing for entities restructuring in bankruptcy and other special situation financing. For more information, visit www.hallstructuredfinance.com.

ABOUT SAVA HOLDINGS, LTD. Sava Holdings, Ltd. was formed in 2001 by Ajay Kothari and Suhas Naik. Kothari is an architect and general contractor responsible for architectural design and construction management for the firm’s projects. With several years of hotel development experience, Naik oversees management and operations.