Thor's Chicago Hilton Lands $365M Refinancing Package

Law360, New York (October 12, 2012, 6:51 PM EDT) -- Developer Thor Equities LLC has nabbed a $365 million refinancing package for the luxury Palmer House Hilton hotel it owns in Chicago, Jones Lang LaSalle, which brokered the complex deal, announced Friday.

As part of the package, JPMorgan Chase Bank NA provided floating-rate financing, JLL said. Other details of the financing were not disclosed. Representatives for Thor Equities could not immediately be reached for comment Friday evening.

But the large size of the loan package in a still-recovering and gun-shy lending market is a strong affirmation...
To view the full article, register now.