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State: 17.08.2024 | 11PM
Mon, 08.07.2024       Jones Lang LaSalle
US48020Q1076

JLL Capital Markets represented the borrower in refinancing of the one-of-a-kind landmark hotel asset in Austin, Texas

SAN DIEGO, July 8, 2024 /PRNewswire/ -- JLL's Capital Markets group announced today that it arranged a $430 million refinancing for Fairmont Austin, a 37-story luxury hotel in downtown Austin.

JLL Capital Markets represented Manchester Financial Group in securing the five-year, interest only fixed-rate SASB CMBS loan, with Goldman Sachs acting as a lead manager and sole bookrunner. The all-mortgage financing package was used to replace a $300MM senior loan and $125MM of mezzanine debt.

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