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Four Seasons Resort Scottsdale – Image Credit Four Seasons Hotels
Braemar Hotels & Resorts Inc. has refinanced the mortgage loan for the Four Seasons Resort Scottsdale at Troon North, increasing the loan amount to $180 million.
Braemar Hotels & Resorts Inc. has refinanced the mortgage loan for the Four Seasons Resort Scottsdale at Troon North, increasing the loan amount to $180 million.
Braemar Hotels & Resorts Inc. has finalized a refinancing arrangement for the Four Seasons Resort Scottsdale at Troon North. The previous loan, which had a balance of $140 million, was set to mature in December 2028 and carried an interest rate of SOFR plus 3.75%.
The new loan, provided by Aareal Capital Corporation, is a non-recourse loan amounting to $180 million. It features a floating interest rate of SOFR plus 3.00%. The terms of the loan include an initial three-year period, with the option to extend for two additional one-year periods, contingent upon meeting specific conditions.
The refinancing aims to enhance liquidity and reduce the cost of debt for Braemar Hotels & Resorts. The transaction reflects current trends in the credit market for lodging assets.
Four Seasons Resort Scottsdale – Image Credit Four Seasons Hotels
Braemar Hotels & Resorts Inc. has refinanced the mortgage loan for the Four Seasons Resort Scottsdale at Troon North, increasing the loan amount to $180 million.
Braemar Hotels & Resorts Inc. has refinanced the mortgage loan for the Four Seasons Resort Scottsdale at Troon North, increasing the loan amount to $180 million.
Braemar Hotels & Resorts Inc. has finalized a refinancing arrangement for the Four Seasons Resort Scottsdale at Troon North. The previous loan, which had a balance of $140 million, was set to mature in December 2028 and carried an interest rate of SOFR plus 3.75%.
The new loan, provided by Aareal Capital Corporation, is a non-recourse loan amounting to $180 million. It features a floating interest rate of SOFR plus 3.00%. The terms of the loan include an initial three-year period, with the option to extend for two additional one-year periods, contingent upon meeting specific conditions.
The refinancing aims to enhance liquidity and reduce the cost of debt for Braemar Hotels & Resorts. The transaction reflects current trends in the credit market for lodging assets.
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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