David Gilbert Of Clarion Partners Secures $677 Million Loan For Hotel Portfolio Refinancing

The transaction involves a hotel portfolio comprising 52 Courtyard by Marriott properties, collectively spanning 7,677 keys. The asset is located across 25 states and encompasses 37 metropolitan areas within the United States. The total loan amount secured for refinancing this portfolio is $677 million, structured as a five-year, non-recourse mortgage.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $677,000,000
• Loan Terms: five-year, non-recourse
• Landlord: David Gilbert - Clarion Partners
• Brokers: Patrick Tan, Robert Stiles & Stephen O’Connor - RobertDouglas
• Market: United States
• Keys: 7,677

The loan was secured by RobertDouglas to facilitate the refinancing of the CBM Two Hotels LP Portfolio, which has undergone significant capital improvements amounting to $500 million, including a $257 million renovation completed from 2019 to 2024. This extensive investment has resulted in enhanced performance metrics for the portfolio.