Assignment Overview
RobertDouglas advised Prospera Hotels in securing a $35-million non-recourse senior mortgage for the refinancing of the Hyatt Place at Anaheim Resort/Convention Center in Anaheim, California. The 15-year, fixed-rate financing was provided by a finance company, which originates fixed-rate loans through a separately managed account with a large domestic life insurance company.
Property Background
The select-service Hyatt Place hotel features 178 guestrooms and nearly 1,200 square feet of meeting space. The property is located in the Anaheim resort market and is within walking distance to the recently renovated Anaheim Convention Center and Disneyland Resort, which will be debuting “Star Wars: Galaxy’s Edge” in the summer of 2019.
Deal Highlights
Client: |
| Prospera Hotels |
