Morgan Stanley And Société Générale Refinance $428.5M Loan For Blackstone Hotel Portfolio

The Blackstone-owned hotel portfolio, comprising 4,002 rooms spread across 23 hotels in 10 states including Georgia, Florida, Illinois, Colorado, and Utah, secured a refinancing deal for $428.5 million. The loan, provided by Morgan Stanley and Société Générale, features a two-year term with the option for three one-year extensions. The transaction was completed on April 9 and the debt negotiation was facilitated by CBRE's team.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $428,500,000
• Address: Hotel Portfolio
• Market: Georgia, Florida & Illinois, Colorado & Utah
• Asset Type: Hotel
• Keys: 4,002
• Lender: Morgan Stanley & Société Générale
• Landlord: Stephen A. Schwarzman - Blackstone
• Brokers: Lawrence Britvan, Mark Finan, Michael Straw, Thomas Traynor & Tom Rugg - CBRE
• Loan Type: Refinance
• Loan Terms: 2 year, floating-rate loan features three one-year extension options

The deal was spearheaded by key individuals involved in the transaction, including Tom Rugg, Mark Finan, Stephen A. Schwarzman, Thomas Traynor, Michael Straw, and Lawrence Britvan. These individuals played significant roles in finalizing the $428.5 million refinancing deal for the hotel portfolio owned by Blackstone. The successful completion of this transaction highlights the expertise and collaboration of the professionals in the real estate and finance industry.