DG Development Refinances Hilton Hotel With $46M Loan In Las Vegas

The property involved in the transaction is a Hotel with 250 keys located at 755 Sierra Vista Drive in Las Vegas, Nevada. The loan amount for the refinance was $46,000,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $46,000,000
• Market: Las Vegas, Nevada
• Lender: Peter DiConza & Joe Schaecter - Deutsche Bank
• Landlord: DG Development
• Brokers: Aj Felberbaum, Jay Miller, Noah Rothman & Spencer Miller - BayBridge Real Estate Capital

The $46 million loan from Deutsche Bank was secured by DG Development to refinance its dual-branded Hilton hotel development near the Las Vegas Convention Center, replacing previous debt. The transaction was arranged by BayBridge Real Estate Capital, with key individuals including Joe Schaecter, Spencer Miller, Aj Felberbaum, Peter DiConza, Jay Miller, and Noah Rothman playing crucial roles in the deal.