$91m mortgage for beach and golf resort.Sonnenblick-Goldman has arranged a $91 million floating-rate mortgage for the acquisition of the Hilton Los Cabos Los Cabos is a municipality located at the southern tip of Mexico's Baja California Peninsula, in the state of Baja California Sur. It encompasses the towns of Cabo San Lucas and San José del Cabo, as well as the Resort Corridor that lies between the two. Beach & Golf Resort on behalf of Alagem Capital Group, a company owned by entrepreneur and computer industry pioneer Beny Alagem Beny Alagem (born 1953) is a former Israeli tank driver and the founder of Packard Bell Electronics, a leading American computer manufacturer during the late 1980s and early 1990s. . The property will continue to be managed by Hilton Hotels Corporation Hilton Hotels Corporation (NYSE: HLT) is one of the leading global hospitality companies. As of April 2007 there are 2,645 hotels and 485,000 rooms employing 105,000 people in more than 80 countries. . JP Morgan provided the financing. "Given the strong sponsorship, high-quality asset and the increasing appetite of lenders for Mexico assets, there was enormous competition among U.S. and European lenders for this financing," comments Rob Stiles Stiles can refer to: People
|
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion