There's talk that Blackstone Real Estate Partners is offering for sale the 1,195-room Westin St. Francis in San Francisco. Blackstone paid about $243 million for the hotel in 2000. Now it could trade for about $300,000/key, or roughly $360 million. ...
LaSalle Hotel Properties has secured a $140 million loan to finance its purchase of the 751-room Westin Michigan Avenue in Chicago.Wells Fargo Bank provided the 10-year mortgage, which pays only interest for the first five years. It has a fixed ...
ClassSize ($mln)SubLevel (%)Avg Life (yrs)RatingS&PRatingFitchRatingMoody'sPricing (bp)BnchmarkA-1412.4348.811.55AAAAAAAaa+12LiborA-2137.4831.751.92AAAAAAAaa+17LiborB50.9125.4251.96AAAAAAAa2+21LiborC30.4321.6751.96AA+AA+NR+25LiborD30.4317.902.20AAAANR+30LiborE20.2315.392.38AA-AA-NR+34LiborF20.2312.882.38A+A+NR+39LiborG20.2310.372.38AANR+42LiborH20.087.872.46A-A-NR+49LiborJ14.866.032.46BBB+BBB+NR+70LiborK15.074.162.46BBBBBBNR+95LiborL33.520.002.46BBB-BBB-NR+215LiborCollateral Balance: $805.70 millionBookrunners: Banc of America SecuritiesLead Managers: Banc of America Securities, Bear StearnsCo-managers: Morgan Stanley, Deutsche BankMaster Servicer: Bank of AmericaSpecial Servicer: Bank of AmericaTrustee: LaSalle BankLoans/Properties: Originators: Bank of America (86.9 ...
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