Mike Huth And Shalin Patel Represent Borrower In $128M Palm Desert Hotel Loan

The JW Marriott Desert Springs Resort & Spa in Palm Desert has undergone a $40 million renovation, resulting in additional suites and upgraded guest rooms. The 884-key hotel sits on 286 acres and includes five pools, two golf courses, a tennis court, a spa with 47 treatment rooms, an aviary, and more. Additionally, the resort boasts 234,000 square feet of event space, a variety of dining options, and entertainment facilities.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $128,000,000.00
• Address: 74855 Country Club Dr, Palm Desert
• Market: Palm Desert
• Borrower's Rep: Mike Huth(JLL), Shalin Patel(JLL)
• Lender: Goldman Sachs Bank USA

Mike Huth and Shalin Patel of JLL Hotels & Hospitality played a key role in securing the $128 million loan for the JW Marriott Desert Springs Resort & Spa. The financing was originated by Goldman Sachs Bank USA, allowing the owner to pay off an existing loan that was due to mature in February 2022.