Financing
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Loan approvals rise despite selective lenders   4 Dec, 2013

While banks are still not ready to give 100 percent financing to new schemes, the trend for giving loans is seeing consistent improvement.More>>

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Kansas City's Savoy Hotel deal moving forward   3 Dec, 2013

21c Museum Hotels developer plans to restore the Savoy Hotel and Grill in Kansas City, Mo., is pursuing the remainder of his financing package, including $15 million in historic tax credits, The Kansas City Star reports. The redevelopment plan, which calls for restoring the hotel as a 120-room...More>>

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PMZ closes record amount of deals in 2013   3 Dec, 2013

PMZ Realty Capital, a New York-based real estate investment banking firm, reported a record-breaking amount of deals in 2013, with a total dollar volume of $867 million representing financing for 57 hotels. This year’s deals included major hospitality brands including Marriott, Hilton, IHG,...More>>

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100-key hotel slated for Brooklyn's Williamsburg neighborhood   15 Nov, 2013

Commercial Observer reports that Synapse Capital is planning for the development of a 65,000-square-foot building that would include a 100-room hotel with indoor/outdoor food and beverage space, ground-floor retail, and a 10-unit residential building. More>>

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Jumeirah Group raises $1.4bln loan for expansion   30 Oct, 2013

The Jumeirah Group has raised a $1.4-billion unsecured syndicated loan for further expansion. The loan has been priced at 2.75 percent above London interbank offered rate (LIBOR) and is due by 2019. The group said it would be used for expansion and for general corporate purposes at the parent level...More>>

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HFF arranges $400M financing for six-property Omni Hotel portfolio   8 Oct, 2013

HFF has arranged $400 million in financing for six Omni Hotels totaling 2,575 guest rooms located in California, Indiana, Pennsylvania and Texas. HFF worked on behalf of the borrower, Omni Hotels Corporation, to secure the fixed-rate loan through Prudential Mortgage Capital Company, which was...More>>

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Morgans out to refinance Hudson Hotel to pay off investor   8 Oct, 2013

Jason Taubman Kalisman, the interim CEO of Morgans Hotel Group, and Ron Burkle, who owns Morgans debt and preferred shares, are not the best of buddies, at odds over the future direction of the hotel group. The New York Post now reports that Kalisman is "quietly" looking to refinance its Hudson...More>>

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MGM seeks new loans to refinance CityCenter debt    1 Oct, 2013

According to the Las Vegas Review-Jounral, the operators of CityCenter are seeking new loans to refinance the development’s nearly $2 billion of long-term debt. The report says that MGM Resorts International, which owns 50 percent of CityCenter and operates the 66-acre complex, has scheduled...More>>

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Mesa West Capital funds two Colorado hotel loans totaling $84 million   1 Oct, 2013

In Colorado, in separate transactions according to the Denver Post, Los Angeles-based Mesa West Capital has funded two loans totaling $84 million in nonrecourse first-mortgage debt for the acquisition of the Hyatt Regency Denver Tech Center and the refinancing of the Park Hyatt Beaver Creek. More>>

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Mirae Asset Global Investments acquires Four Seasons Hotel Sydney   24 Sep, 2013

One of Sydney's five-star hotels, the Four Seasons Hotel Sydney, was sold for approximately $306.8 million to Korean investors, Mirae Asset Global Investments. The 531-room property overlooking the Sydney Harbour Bridge and Opera House at Circular Quay underwent an extensive approximately $40.6...More>>




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