Park Hyatt Beaver Creek Resort & Spa Receives Refinancing
LOS ANGELES—RobertDouglas advised Braemar Hotels & Resorts Inc. in refinancing its existing CMBS loan for the 190-room Park Hyatt Beaver Creek Resort & Spa in Beaver Creek, Colorado with a best-in-class bank lender. The non-recourse loan totals $70.5 million and has a two-year initial term with three one-year extension options, subject to the satisfaction of certain conditions. The loan is interest-only and provides for a floating interest rate of SOFR plus 2.86 percent. At the […]
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