KSL Capital Partners Refinances Hawaii Resort Portfolio With $480M Loan From Wells Fargo

The asset involved in this transaction is a hotel portfolio located at 2169 Kalia Road and 650 Aleka Loop, encompassing a total of 972 keys. This portfolio includes the 658-room Outrigger Reef Waikiki Beach Resort in Honolulu and the 314-room Sheraton Kauai Coconut Beach Resort. The refinance for the asset portfolio was arranged for a total loan amount of $480,000,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $480,000,000
• Loan Type: Refinance
• Lender: Wells Fargo
• Landlord: KSL Capital Partners
• Keys: 972

KSL Capital Partners was responsible for securing this refinance through a CMBS deal led by Wells Fargo, enabling them to pull nearly $150,000,000 in equity while maintaining full ownership of the hotel portfolio.