Full-Service Hotel $200MM CMBS Multi-tranche Workout Aruba A 484-key resort on the beach, with meeting space, casino, spa, and retail. The property totals over 650,000 square feet. Capital stack comprised of three tranches of debt, including CMBS, and equity.
by Joseph Iacono
Full-Service Hotel $230MM CMBS Multi-tranche Workout Jacksonville, FL A 514-key luxury hotel adjacent to a world-class golf course, with five-swimming pools, multiple restaurants, meeting space, and spa. The property opened in 1988 and was renovated in 2017. Capital stack comprised of three tranches of debt, including CMBS, and equity.
by Joseph Iacono
Full-Service Hotel $175MM CMBS Multi-tranche Workout Puerto Rico A 416-key full-service resort hotel on the beach, with meeting space, casino, spa, gym, retail and enclosed parking. The property was recently renovated. Capital stack comprised of three tranches of debt, including CMBS, and equity.
by Joseph Iacono
Full-Service Hotel $375MM CMBS Multi-tranche Workout Honolulu, HI A 1,310-key full-service resort on Waikiki beach with six, on-site restaurants, 50,000+ square feet of meeting space, extensive retail and parking. The property underwent a complete renovation. Capital stack comprised of three tranches of debt, including CMBS, and equity.
by Joseph Iacono
Full-Service Hotel $110MM CMBS Multi-tranche Workout Chicago, IL A landmark, 443-room hotel located in the the heart of Chicago’s Magnificent Mile district. Comparable properties were valued at an average of $230,000 per key. Capital stack comprised three tranches of debt, including CMBS, and equity.
by Joseph Iacono
Full-Service Hotel $474MM CMBS Multi-tranche Workout Miami, FL A 334-key luxury hotel, including for-sale residences, retail and a parking garage. The property is situated along 600ft of beachfront. The property underwent an extensive +$100mm interior and exterior renovation and was redeveloped into a luxury hotel, condominium and retail property. Capital stack comprised of three tranches … Read More
by Joseph Iacono
