LUBBOCK, TX, Jan. 18, 2013 – For the second consecutive year, the Overton Hotel & Conference Center in Lubbock, Tex. has been named the Best Conference Hotel in Texas by Official Best Of. The brightest star on Lubbock’s metropolitan skyline, the Overton Hotel & Conference Center is conveniently located in the heart of the Hub City just steps from Texas Tech University. Artfully designed with an emphasis on stylish, modern spaces with a kick of sophistication and Lone Star State sass, the 15‐story landmark hotel is glamorous yet grounded, capturing the rich heritage and friendly, unpretentious attitude that make West Texas a mecca for modern‐day cowboys, country musicians and the state’s most accomplished winemakers.
As developer of the Overton Hotel & Conference Center, we congratulate the City and the operator, 1859 Historic Hotels, for their continued success with this signature property, the first and only West Texas hotel to be awarded the AAA 4‐Diamond Seal,” said Ray Garfield, Chairman of Garfield Public/Private LLC.
After having received the 4‐Diamond Seal for the third consecutive year, this additional honor further validates the vision of Lubbock’s leaders and citizenry and the excellent product and planning of our entire development team. A long‐time goal of the City, Texas Tech University, and other local stakeholders, The Overton Hotel & Conference Center was only possible using a public/private partnership engineered by Garfield. The hotel was financed with private debt and equity. The conference center was financed with City bonds to be repaid by site‐specific occupancy taxes and property taxes. The capital plan also included nonprofit foundation grants. The City leases the conference center on a long‐term basis to the hotel owner, who operates the entire property. A video on this award may be viewed at http://www.youtube.com/watch?v=cKOMoPZ9Cac.
ABOUT GARFIELD PUBLIC/PRIVATE
Garfield Public/Private is a national development services provider focusing exclusively on public and public/private developments. The company uses innovative and cost‐effective financing solutions tailored to the requirements of public sector clients. Garfield employs a “turnkey” delivery method that minimizes client risk and administrative burden, maximizes transparency and accountability, and enables “fast track” delivery of high quality facilities months or even years ahead of when otherwise thought possible. Garfield Public/Private and its executives have developed more than 20 million square feet of all property types nationally and abroad, and have
financed more than $7 billion in debt and equity. For more information, please visit www.garfieldpublicprivate.com.