10-08-2013 11:51 PM

Omni Hotels gets $400M in refinancing for real estate portfolio

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The Omni Barton Creek Resort & Spa is one of six properties in the portfolio* Omni Hotels Corp. has refinanced.




Omni Hotels Corp., a subsidiary of Dallas-based TRT Holdings, has received $400 million in financing for six Omni Hotels throughout the U.S.
The six-hotel portfolio totals 2,575 guest rooms in California, Indiana, Pennsylvania and Texas.
In August, Omni Hotels Corp. experienced record growth after its corporate office moved to Dallas, by acquiring seven properties within a six-week period.
The fixed-rate loan was arranged by HFF's team led by Whitaker Johnson, John Bourret and Jim Curtin, who worked on behalf of Omni Hotels. The loan was secured through Prudential Mortgage Capital Co. represented by Paul Geyer.
The properties include the Omni Barton Creek Resort & Spa in Austin, the Omni Rancho Las Palmas in Rancho Mirage, Calif., the Omni Hotel Houston, Omni Austin Hotel Downtown, Omni William Penn Hotel in Pittsburgh, Pa. and the Omni Severin Hotel in Indianapolis, Ind.
Candace covers commercial and residential real estate and sports business.


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