Driftwood Capital Refinances Sheraton Park City Hotel With $33M Loan | 1895 Sidewinder Drive | Michael Weinberg, Scott Wadler, Alec Fox, Edmund Aramayo | Hotel | Loan

Summary

Loan

UTAH

Hotel

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.

Players

All
5

Agents
4
Agencies
1

$101M Sold

$396.7M Sold

Details

Deal Summary

FINANCED

IMAGE: 04/19/2024 ADDRESS: 1895 Sidewinder Drive MARKET: Park City, UT ASSET TYPE: Hotel ~ KEYS: 200 LENDER: Goldman Sachs LANDLORD: Driftwood Capital BROKERS: Alec Fox, Edmund Aramayo, Michael Weinberg & Scott Wadler - Berkadia LOAN AMOUNT: $33,000,000 LOAN TERMS: five-year, fixed-rate CMBS loan NOTE: Driftwood Capital secures $33 million in refinancing for the 200-key Sheraton Park City hotel in Park City, UT, facilitated by Berkadia South Florida’s Managing Directors Michael Weinberg and Scott Wadler, along with their team members Alec Fox and Edmund Aramayo, arranging a five-year, fixed-rate CMBS loan through Goldman Sachs Bank USA.

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Address1895 Sidewinder Drive

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