This roundup features the latest financing of U.S. hotel industry deals and projects.
Gravity Haus' 6-Property Portfolio
Lender: EPR Properties brokered by RobertDouglas
Borrower: Gravity Haus
Value: $64.5 million
Locations: Breckenridge, Vail, Winter Park, Steamboat Springs and Aspen, Colorado; and Lake Tahoe, California
Date of Loan: Jan. 31, 2023
Takeaway: Gravity Haus, which launched in 2019 and plans to open properties this year, is refinancing its existing debt.
The Madeline Hotel, Auberge Resorts Collection
Lender: Värde Partners brokered by JLL Capital Markets
Borrower: Flynn Properties Inc.
Value: $30 million
Location: Telluride Colorado
Date of Loan: Jan 26, 2023
Takeaway: JLL brokered the refinancing of the 83-room luxury resort — which also has 56 separately owned condos — with a new five-year, floating-rate loan.
A Boutique Hotel in Northern California
Lender: Arriba Capital
Value: $5.6 million
Date of Loan: Jan. 26, 2023
Takeaway: The cash-out refinance is intended to improve cash flow and renovate a historic property.
The Lafayette Park Hotel & Spa and The Lodge at Bodega Bay
Lender: Brokered by Sonnenblick-Eichner Company
Borrower: Woodside Hotel Group
Value: $26.75 million
Location: Lafayette and Bodega Bay, California
Date of Loan: Jan. 10, 2023
Takeaway: The 10-year, fixed-rate, first mortgage financing will cover both refinancing existing debt, a rooms renovation at the Lafayette Park Hotel and provide a return of partnership equity.