Dallas-Area Westin Hotel Lands $75M Refinancing Loan

Law360, New York (April 25, 2012, 2:04 PM EDT) -- The owners of the Westin Dallas Fort Worth Airport hotel have nailed down a $75 million refinancing loan for the property, the intermediary advisory firm that arranged the deal said on Tuesday.

Holliday Fenoglio Fowler LP secured the adjustable-rate loan from JPMorgan Chase Bank NA on behalf of The Procaccianti Group and Investcorp International Inc., two commercial real estate investment firms that share an interest in the 506-room property. HFF said it will service the loan.

The hotel is two miles from the bustling Dallas/Forth Worth...
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