Deal Name: 2011-K11

Aareal Capital Corp. has provided $85 million of financing for the 641-room Intercontinental Miami. Proceeds of the loan will go toward refinancing a $90 million debt package that was set to mature in October. A $61.1 million piece of that ...

DiamondRock Hospitality Co. has confirmed that it has struck a deal to buy the Radisson Lexington Hotel New York in Manhattan for $335 million. The Bethesda, Md., company said the purchase price results in a capitalization rate of 6.7 percent ...