KSL Capital Partners Refinances Hawaii Resort Portfolio With $480M Loan From Wells Fargo
Hawaii
See Similar DealsKSL Capital Partners Refinances Hawaii Resort Portfolio With $480M Loan From Wells Fargo
2169 Kalia Road & 650 Aleka Loop
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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.
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