Goldman Sachs And Bank Of America Refinance $1.8B Hotel Portfolio In Austin, Scottsdale, Jackson Hole, Chicago, East Palo Alto, Laguna Beach, Santa Monica & San Francisco For Dajia Insurance Group

A $1,800,000,000 loan has been secured to refinance eight hotels across multiple locations. The properties include 98 San Jacinto Blvd., 10600 E. Crescent Moon Dr., 2050 University Ave., 7680 Granite Loop Rd., 200 N. Columbus Dr., 7575 E. Princess Dr., 1 Miramontes Point Rd., and 1 Ritz Carlton Dr. The hotels are situated in Austin, Scottsdale, Ariz., Jackson Hole, Wyo, Chicago, East Palo Alto, Laguna Beach, Santa Monica, and San Francisco. The loan has been provided by Goldman Sachs and Bank of America. The borrower is Dajia Insurance Group, acting as the landlord for the hotels. The loan has a term of three years, with a floating interest rate and interest-only payments.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $1,800,000,000
• Assets:
• 98 San Jacinto Blvd.
• 10600 E. Crescent Moon Dr.
• 2050 University Ave.
• 7680 Granite Loop Rd.
• 200 N. Columbus Dr.
• 7575 E. Princess Dr.
• 1 Miramontes Point Rd.
• 1 Ritz Carlton Dr.
• Markets:
• Austin
• Scottsdale, Ariz.
• Jackson Hole, Wyo
• Chicago
• East Palo Alto
• Laguna Beach
• Santa Monica
• San Francisco
• Lender: Goldman Sachs and Bank of America
• Landlord: Dajia Insurance Group

Goldman Sachs and Bank of America have partnered together to provide the loan for the refinancing deal of these hotels. Dajia Insurance Group, acting as the landlord, has secured the loan. The loan has a three-year term with a floating interest rate and interest-only payments.