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291-Room Four Seasons Hotel Nabs $56M Refi

AUSTIN, TX-The Four Seasons Hotel here obtains a $56 million first mortgage and mezzanine loan to refinance its existing mortgage.

By Jennifer Duell Popovec | Updated on August 02, 2010

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.

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