AUSTIN, TX-The Four Seasons Hotel here has received a $56 million first mortgage and mezzanine loan to refinance its existing mortgage. Los Angeles-based Mesa West Capital provided the hotel’s owners, Lodging Capital Partners and Syndicated Equities Group, with the first mortgage, while Blackstone Real Estate Debt Strategies provided the mezz piece.

Mesa West Capital provided the financing through its $614.5 million Mesa West Real Estate Income Fund II LP, which closed in June 2010. The floating-rate loan has a three-year term, according to Ryan Krauch with Mesa West Capital.

Overlooking Lady Bird Lake, the Four Seasons is located in the heart of the central business district adjacent to the Texas State Capitol and University of Texas. After acquiring the landmark hotel in 2006, Lodging Capital Partners and Syndicated Equities Group completed an $11.4 million renovation that included an upgrade of the guestrooms, a new 5,500 square-foot luxury spa, and a redesign of the hotel's fine dining restaurant.