View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
August 17, 2011

Prudential Mortgage Closes Loan for Outrigger Hotels

Prudential Mortgage Capital Company, the commercial mortgage lending business of Prudential Financial, has closed a $137.8m loan for Outrigger Hotels & Resorts. The seven-year, fixed-rate loan is secured by the newly renovated, 639-room Outrigger Reef Hotel, which is located in Hono

By cms admin

Prudential Mortgage Capital Company, the commercial mortgage lending business of Prudential Financial, has closed a $137.8m loan for Outrigger Hotels & Resorts.

The seven-year, fixed-rate loan is secured by the newly renovated, 639-room Outrigger Reef Hotel, which is located in Honolulu, Hawaii.

The hotel recently completed a $113m renovation and repositioning that included rebuilding all of its guestrooms, retail space, public areas and poolside grill.

Outrigger Enterprises Group is a leisure lodging and hospitality company and has 44 properties under development, with close to 11,000 rooms located in Australia, Bali, China, Fiji, Guam, Hawaii, Koh Samui, Phuket, Thailand and Vietnam.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Hotel Management Network