Walker & Dunlop Arranges $86 Million Refinance Loan For Caesars Republic Scottsdale Hotel
4747 North Goldwater Boulevard
$86,000,000
Building Size
—
Asset Type
Hotel
Closing
May 29, 2025
About this deal
AI
The transaction involves the refinancing of Caesars Republic Scottsdale, a Hilton-branded luxury hotel located at 4747 North Goldwater Boulevard in Scottsdale, AZ. The asset, a newly built hotel, is part of the expanding hospitality sector in the area and is significant in size with a loan amount of $86,000,000.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $86,000,000
- Loan Type: Refinance
- Market: Scottsdale, AZ
- Brokers: Aaron Appel, Adam Schwartz, Ari Hirt, Christopher de Raet, Dustin Stolly, Jim Pierson, Jonathan Schwartz, Keaton Merrell & Keith Kurland - Walker & Dunlop
Walker & Dunlop facilitated the refinancing by arranging the $86 million loan through a regional bank for HCW, the developer of the hotel. The involvement of multiple brokers from Walker & Dunlop highlights the collaborative nature of the transaction, reflecting the expertise of these professionals in closing significant deals in the hospitality real estate market.
On the Map
$86,000,000
Hotel
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Players
Scottsdale Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93