Goldman Sachs Offers Houston Hotel $50M In Refinance

Law360, New York (December 19, 2011, 6:25 PM ET) -- The owners of a 315-room luxury hotel in Houston have secured a $50 million refinancing package in a 10-year fixed-rate loan through Goldman Sachs Commercial Mortgage Capital LP, commercial real estate capital intermediary HFF LP said Monday.

The 12-story property, Hotel Zaza, is located in Houston's museum district near the Texas Medical Center and Rice University.

The hotel was built in 1925 as the Warwick Hotel before being renovated and reopened in 2007 by its owner, Givens-Records Developments. Its amenities include a business center, spa, pool,...
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