CBRE Arranges $60 Million Financing of Hilton Hotel at the Los Angeles International Airport
ATLANTA—CBRE's Capital Markets group has arranged the permanent financing of Hilton Los Angeles Airport in Los Angeles, California for $60,000,000. Senior Vice President Jonathan Rice of Atlanta's CBRE Debt & Equity Finance team represented the owner. READER COMMENTS
The Hilton Los Angeles Airport, a 17-story, full-service hotel with 1,234 guestrooms, a 24-hour fitness center, more than 50,000 square feet of meeting space, outdoor gardens, and a pool area with four Jacuzzis. The hotel is currently undergoing an extensive $15.5 million guestroom renovation.
"The ownership group of Hilton LAX maintains a long term strategy of implementing significant improvements and upgrades," commented Rice, in an announcement. "Such improvements will allow the hotel to continue as a market leader for many years into the future."
Monday, June 10, 2013 by free bookmarks
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