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Hospitality
The seven-hotel portfolio is in Southern California and totals 601 rooms.
The Nuveen affiliate has expanded its stateside and international investor base as the financing niche finds steadier mainstream usage.
The borrower, New York-based hotel specialist Cipriani, will use the facility to grow its luxury hotel development platform.
The capital will be paired with a $41.1m senior loan from Hall Structured Finance to develop Uphoff Ventures’ 208-room Dellshire Resort.
Terra and Turnberry will use the funding to advance work on the Grand Hyatt Miami Beach adjacent to the city’s convention center.
The funding will be used by BLDG and Metrovest for a Class A resort on Long Island.
SomeraRoad and Trestle Studio will use the funding to develop a 30-story combined hotel and condominium asset.
The deal will recapitalize KSL Capital Partners’ convention center-adjacent Westin Indianapolis property.
The $76.2m package will refinance a luxury hotel in Santa Fe, New Mexico.
The funding will be used to refinance the Ritz-Carlton Dallas following renovation work.