The hotel sector is seeing interest from lenders wane as average daily room rates fall, RevPAR levels drop, and more rooms come on line, according to Jerry Swartz, founding a partner at New York-based HKS Capital Partners. Swartz, who works with hospitality players...read more
Simon Baron Development and Quadrum Global have secured $73.5 million in refinancing for the 250-room Arlo Hotel in NoMad, according to public documents filed today. On Aug. 16, the borrower secured a $39.5 million bridge loan from investment firm Barings for 11 East...read more
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