Holliday Fenoglio Fowler (HFF) has arranged $120m of refinancing for nine full-service US hotels totalling 2,264 rooms in the US states of California, Florida, Massachusetts, Minnesota, New Jersey, New York, Pennsylvania and Texas.

The portfolio comprises five Doubletree by Hilton-flagged hotels and one property each of Marriott, Sheraton, Wyndham and Hilton Signature.

The company worked on behalf of borrower Investcorp to secure the adjustable-rate loan through JP Morgan Chase Bank.

HFF is a provider of commercial real estate and capital markets services to the US commercial real estate industry.