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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.
Franklin BSP Realty Trust’s Comparato breaks down the transaction, which marks a bright spot for a quiet sector.
The funding will be used by Gencom as part of a $308m deal to buy the Thompson Central Park New York hotel.
Honolulu-based manager makes key hires to deepen the firm’s focus on destination hotels and resorts in the US.
The sponsors passed another milestone after acquiring the landmark hotel in a record transaction.
About $4.2bn of near-term hotel maturities are facing refinancing difficulties in today’s higher for longer environment.
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.
JPMorgan has originated a $500m senior loan to help build the mixed-use development One Beverly Hills.