Starwood Capital Group secured $265 million in refinancing for a portfolio of 58 extended-stay and midscale hotels nationwide, representing a fraction of all the hotels it owns and operates. Miami Beach-based Starwood hopes to execute the first lien mortgage about Oct. 28, according to a report from Kroll Bond Rating Agency. Starwood will use the funds to pay off existing debt, including a loan secured by 50 of the hotels that went into special servicing
source https://therealdeal.com/2020/10/21/starwood-scores-265m-refi-for-portfolio-of-intown-uptown-hotels/
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