Balbec Capital LP Originates $55 Million Refinance Loan For Hotel In Overland Park, Kansas

The asset involved in this transaction is a hotel located at 10800 Metcalf Avenue in Overland Park, KS. The hotel is a Marriott property with a total of 13,370 square feet and comprises 398 keys. The approximate loan amount secured for the refinancing of the hotel is $55,000,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $55,000,000
• Address: 10800 Metcalf Avenue
• Market: Overland Park, KS
• Asset Square Footage: 13,370
• Keys: 398
• Lender: Balbec Capital LP
• Landlord: Affiliates of Wexford Lodging Advisors & Trinity Investors
• Brokers: Robert Stiles - RobertDouglas
• Loan Type: Refinance

RobertDouglas acted as the advisor for the refinancing of the 398-key Marriott Kansas City Overland Park, representing Wexford Lodging Advisors and Trinity Investors. The loan was originated by Balbec Capital at a rate of $138,000 per key.