Hospitality Trust Snags $200M Refi For Hilton Hotels

Law360, New York (February 27, 2013, 4:59 PM EST) -- Ashford Hospitality Trust, Inc. has arranged and closed on $200 million in refinancing for a pair of Hilton hotels — one in Washington, D.C., and one in California — which helps strengthen the company's liquidity position, the trust said Tuesday.

The new loan replaces a $142 million note that was set to mature this coming August, and bears a floating 3.5 percent interest rate above LIBOR and a February 2018 maturity date, according to a statement. It covers Capital Hilton in Washington, D.C., and the Hilton La Jolla Torrey Pines in La Jolla, Calif., both of which Ashford owns a 75...

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