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The Westin Resort & Spa in Maui
Chief executive says institutional interest is picking up further as high-quality hotel assets hold up.
The Diplomat Beach Resort in Hollywood, Florida.
Brookfield will transfer outstanding CMBS debt to the JV with the deal.
A group of lenders, including Blackstone and Vici Properties, are providing the financing. 
The hotel management company closed the deal in the last days of 2022.
Conceptual of travel and vacation.
The financing demonstrates a belief in the return of business travel as the US emerges from the covid-19 pandemic.  
The mixed-use development includes C-PACE and pref equity components to complete the capital stack.
Atlanta skyline
Four senior executive hires mark new strategy emphasis across real estate sectors.
inflation federal reserve private equity
The move comes as more borrowers are turning to non-bank lenders.
With recovery underway in the US hotel sector, securitisation activity is gradually picking up in select sub-sectors – albeit with more conservative underwriting.
The $2.8bn sale to Highgate is potentially the first many large hospitality portfolio sales, but a debt transfer of its size is unlikely to be repeated.

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