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$67.5M in notes arranged for portfolio of 9 hotels.

Sonnenblick-Goldman Company has arranged $67.5 million in notes backed by mortgages to finance a portfolio of nine Embassy Suite Hotels located across the United States.

The nine-hotel portfolio consists of approximately 2,100 suites and is owned in a joint venture between Windsor Capital Group of Woodland Hills, California and The Kemper Insurance Company. The notes were rated "AA" by Duff & Phelps.

Sonnenblick-Goldman Company has long been considered the nation's leader in the area of major hotel financing and sales, having completed in excess of $5 billion of hotel transactions over the last decade. This is the fifth major securitized mortgage bond financing on hotels that Sonnenblick-Goldman has completed.
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Title Annotation:Sonnenblick-Goldman Corp. arranges financing for Embassy Suite Hotels located in various U.S. sites worth $67.5 million
Publication:Real Estate Weekly
Date:Sep 22, 1993
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