Driftwood Capital Refinances Sheraton Park City Hotel With $33M Loan

The Sheraton Park City hotel, located at 1895 Sidewinder Drive in Park City, UT, with 200 keys, has successfully secured a $33 million refinancing deal. The loan amount was obtained through a five-year, fixed-rate CMBS loan facilitated by Goldman Sachs.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $33,000,000
• Address: 1895 Sidewinder Drive
• Market: Park City, UT
• Lender: Goldman Sachs
• Landlord: Driftwood Capital
• Brokers: Alec Fox, Edmund Aramayo, Michael Weinberg & Scott Wadler - Berkadia

The refinancing deal for the Sheraton Park City hotel was executed by Berkadia South Florida’s Managing Directors Michael Weinberg and Scott Wadler, with the support of their team members Alec Fox and Edmund Aramayo. Driftwood Capital was the beneficiary of the five-year, fixed-rate CMBS loan arranged through Goldman Sachs Bank USA.