Braemar Hotels & Resorts Inc. (NYSE: BHR) announced that it has finalized an extension of its $435 million mortgage loan secured by four properties: The Notary Hotel, The Clancy, Sofitel Chicago Magnificent Mile, and Marriott Seattle Waterfront.
Wyndham Hotels & Resorts, Inc. (NYSE: WH) today announced that it successfully completed the refinancing of its previously outstanding Senior Secured Term Loan B Facility due May 2025. The Company closed on a new $1.1 billion Senior Secured Term Loan B Facility, which will mature in May 2030.
Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced that it has successfully refinanced its mortgage loans for the 157-room La Posada de Santa Fe in Santa Fe, New Mexico, which had a final maturity date in November 2023, and the 252-room Hilton Alexandria in Alexandria, Virginia, which had a final maturity date in June 2023.
HVS Hodges Ward Elliott (HVSHWE) has announced that Tim Barbrook has joined as head of Debt Advisory, launching the firm’s hotel & leisure debt advisory capabilities across the UK and Europe.
The LCP Group, L.P. in a joint venture with Safanad announced this week that they successfully provided a $33.3 million senior mortgage loan to an affiliate of the Relevant Group for the refinancing of the 178-key Dream Hollywood and Tao Restaurant in Los Angeles.
A host of banking issues is complicating matters for the Fed, but are there silver linings for commercial real estate?
Hotel industry experts say the recent collapse of both Silicon Valley Bank and Signature Bank will in the short term cause banks to tighten their underwriting criteria.
The Global Hospitality Group of Jeffer Mangels Butler & Mitchell LLP (JMBM) announced the completion of $172 million in C-PACE (Commercial Property Assessed Clean Energy) financing transactions for the year 2022.
The Crowne Plaza hotel features 273 rooms, including 26 original Pullman Traincar sleeping rooms named and decorated after famous personalities from the early 1900s.
While there's been a lot of talk about a wave of debt maturities in 2023, lenders and experts said they think it will ultimately be dealt with without creating much disruption.