Keyword: Cerberus Capital Management
Blackstone Mortgage Trust, a subsidiary of Blackstone Group, supplied three loans to Highgate totaling $247.57 million to acquire the New York hotel.
The complex includes the Radisson Blu and Park Inn hotels, consisting of a total of 697 guestrooms which will be operated by the Rezidor Hotel Group.
The deal—which includes two hotels and Bucharest's largest casino—was reportedly valued at €169.2 million.
After consistently gaining strong revenue levels and increased shares, Bridges' sustainable Whitechapel hotel has been sold.