Omni Nabs $250M Prudential Loan For Hotel Trio

Law360, New York (March 19, 2013, 4:16 PM EDT) -- TRT Holdings' luxury hotel chain Omni Hotels & Resorts has snagged a $250 million loan from Prudential Mortgage Capital Co. for three of its properties, in yet another major debt deal for Prudential Mortgage, according to a Monday announcement by broker HFF.

The deal provides Omni with a 15-year, fixed-rate financing package that will cover two Texas-based hotels and another in Chicago.  Omni declined to disclose how it will use the funds. A spokesman for Prudential Mortgage also declined to comment, and representatives for HFF could...
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