Barings Provides $78,000,000 Bridge Loan To The Athens Group & Hatteras Sky For Hotel In Salt Lake City

The asset involved in this transaction is a hotel located at 2 South 400 West in Salt Lake City, UT. The hotel boasts 225 keys and encompasses a total square footage of 186,767. The transaction involves a loan amounting to $78,000,000 designated as a bridge loan.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $78,000,000
• Lender: Barings
• Landlord: The Athens Group & Hatteras Sky
• Market: Salt Lake City, UT
• Brokers: Malcolm Davies & Alexander Rossinsky - WAY Capital

The deal features key representatives including Malcolm Davies and Alexander Rossinsky, who are associated with WAY Capital. They facilitated the transaction for the landlords, The Athens Group and Hatteras Sky, ensuring the loan arrangement was effectively executed.