hospitality

The $76.2m package will refinance a luxury hotel in Santa Fe, New Mexico.

The funding will be used to refinance the Ritz-Carlton Dallas following renovation work.

The funding will be used by Gencom as part of a $308m deal to buy the Thompson Central Park New York hotel.

A group of lenders including Wells Fargo Bank, Bank of America and Deutsche Bank is providing a $620m acquisition commercial mortgage-backed securities loan.

Honolulu-based manager makes key hires to deepen the firm’s focus on destination hotels and resorts in the US.

About $4.2bn of near-term hotel maturities are facing refinancing difficulties in today’s higher for longer environment.

The refinancing came as a package of senior loan and mezzanine debt.

The SASB CMBS deal was sponsored by a Tishman Hotel & Realty and MetLife IM joint venture.

The 23-hotel CMBS financing will recapitalize properties across 10 states.

Partners is targeting $500m of initial investments with the door open for more capital commitments to Trinity on the table.