FINANCEDHotel
Derby Lane Partners Provides $100.4 Million Refinance Loan For Hyatt Regency Houston Downtown
1200 Louisiana Street
$100,400,000
Building Size
—
Asset Type
Hotel
Closing
Oct 23, 2026
About this deal
AI
The asset involved in this transaction is a 955-room Hyatt Regency located at 1200 Louisiana Street in Houston, TX. This 30-story hotel recently underwent a $32.4 million renovation in 2021. It is positioned to capitalize on Houston’s convention and corporate travel market, particularly in light of the planned $2 billion expansion of the George R. Brown Convention Center.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $100,400,000
- Lender: Adam Piekarski - Derby Lane Partners
- Landlord: Marc Rowan - Apollo Global Management
- Landlord: Douglas Greene - Haberhill
- Loan Type: Refinance
This refinancing deal was facilitated by Adam Piekarski of Derby Lane Partners. The joint venture owners of the hotel are Marc Rowan from Apollo Global Management and Douglas Greene from Haberhill, showcasing collaboration among prominent figures in the real estate and finance sectors.
On the Map
$100,400,000
Hotel
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Players
Houston Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93