HFF, which has offices in Florham Park, announced Monday it has secured a $581 million refinancing for a nationwide, 16-property, 4,798-room hotel portfolio that includes golf and tennis facilities.
Working exclusively on behalf of affiliates of The Blackstone Group L.P., HFF placed the three-year, floating-rate loan with GE Capital Real Estate. The loan has two one-year extension options. According to the announcement, in addition to the Marriott Princeton-Forrestal, in Princeton, the portfolio consists of 12 full-service hotels and four boutique hotels.
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