Pimco Gives Up Hotel Portfolio: A joint venture led by the investment management firm known as Pimco has surrendered a U.S. portfolio of 22 hotels to the holders of $240 million in commercial mortgage-backed securities debt on the properties.
Pimco Gives Up Hotel Portfolio, Short-Term Loans Hit With Challenges, Bank of America Looks at Downgrades
A Weekly Look at the Commercial Mortgage-Backed Securities Business
CoStar News
October 26, 2023 | 12:50 P.M.
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IN THIS ARTICLE
- Properties
- Auburn Hills Marriott Pontiac
3600 Centerpoint Pky, Pontiac, MI
- Companies
- PIMCO
Finance and Insurance