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Elliott Grand Hyatt Secures $70M Loan

SEATTLE-The 29-story, 425-room luxury hotel was completed in 2001 and is owned by Hedreen Hotel LLC, which consists of Richard C. Hedreen and Pritzker family-related entities. Prudential Mortgage Capital provided the funding.

By Brian K. Miller | Updated on February 14, 2003

SEATTLE-Hedreen Hotel LLC has secured a $70 million loan from Prudential Mortgage Capital Company for the $140-million Elliott Grand Hyatt Hotel in Seattle.

The Elliott is a 29-story, 425-room luxury hotel located adjacent to the Washington State Convention and Trade Center. The hotel, which has received the “Leading Hotels of the World” designation, was completed in 2001.

Hedreen Hotel is a limited-liability company whose members include entities controlled by Richard C. Hedreen and Pritzker family-related entities. Specific terms of the loan were not disclosed.

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