CHICAGO-Tishman Hotel & Realty LP has successfully arranged for a $158.2-million loan to refinance the loan on the Sheraton Chicago Hotel & Towers. The loan was provided by Goldman Sachs & Co., which will be used to refinance a $141.7-million loan that had matured in January.
The owners of the 1,209-room hotel had got an extension on the loan till Oct 13, 2010 and were hoping to extend it further till October 2012. For the full story, go to Crain's Chicago Business.
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