Goldman Sachs To Refinance Remainder of Former Anbang’s Luxury Hotel Portfolio: Chicago-based Strategic Hotels & Resorts, an affiliate of the troubled former Chinese giant Anbang Insurance Group, has arranged a deal to refinance the last five luxury hotels in its portfolio of 15. Goldman Sachs filed for a new commercial mortgage-backed securities offering tied to the hotels appraised at $2.36 billion, according to a regulatory filing with the Securities and Exchange Commission. Two of the five hotels were identified: the 1,195-room Westin St. Francis in San Francisco’s Union Square neighborhood, and the 792-room InterContinental on Chicago’s Michigan Avenue.
Goldman Sachs To Refinance Rest of Former Anbang’s Luxury Hotel Portfolio, Vornado Considers Options After Deal Downgrade, Cryptocurrency Investors Eye Student Housing Property
A Weekly Look at the Commercial Mortgage-Backed Securities Business
CoStar News
April 14, 2022 | 1:35 P.M.
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IN THIS ARTICLE
- Properties
- The Westin St. Francis San Francisco on Union
335 Powell St, San Francisco, CA
- InterContinental Chicago Magnificent Mile
505 Michigan Ave, Chicago, IL
- University Village at Slippery Rock
1 Vineyard Cir, Slippery Rock, PA
- Companies
- Strategic Hotels & Resorts
Real Estate
- The Goldman Sachs Group, Inc.
Finance and Insurance
- Vornado Realty Trust
Real Estate
- Kahuna Management
Real Estate