Hyatt portfolio, Standard Hotel set for CMBS as JPM warns on sector

Lone Star’s portfolio of Hyatt properties and a Hong Kong fund’s loan on the Standard Hotel in Manhattan are both expected to surface in the CMBS market soon, as JP Morgan warns the sector still has credit concerns worthy of more attention.

  • By David Bell
  • 03 Oct 2017
Lone Star acquired the $590m portfolio of 38 Hyatt properties in September 2014, before securitizing them in February 2015 in a $340m CMBS deal, Hyatt Hotel Portfolio Trust 2015-HYT. The original loan, extended by JP Morgan and Goldman Sachs, had a two year tenor with three one year ...

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1 Bank of America Merrill Lynch (BAML) 6,665 23 13.02
2 Citi 5,781 17 11.29
3 BNP Paribas 3,530 14 6.89
4 Barclays 2,853 9 5.57
5 Credit Suisse 2,783 8 5.44

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5 Credit Suisse 41,885.89 127 5.54%