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HFF Arranges Refi for Ritz-Carlton Denver

DENVER, CO-The hotel, part of a 37-story residential tower, was renovated and re-branded in 2008.

By David Phillips | Updated on November 19, 2013

DENVER, CO-HFF has arranged $51 million in financing for the Ritz-Carlton, Denver, a 202-room, luxury hotel in downtown Denver.  HFF worked exclusively on behalf of the borrower, Pearlmark Real Estate Partners, Chicago, to secure the three-year, floating rate loan through a joint origination effort by Annaly Commercial Real Estate Group, Inc., of Maryland,and Principal Real Estate Investors. Proceeds from the loan will be used to refinance an existing loan facility.  The Ritz-Carlton Hotel Company, L.L.C. of Chevy Chase, MD will remain as manager of the property.

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