Hyatt Place Portfolio, TX

Hyatt Place Portfolio | Various Locations, TX

Brickman purchased a Junior Participation in a loan secured by four Hyatt Place Hotels located in Austin, San Antonio, Grand Prairie (Dallas), and Houston. The four properties had previously been flagged as Amerisuites, until being converted to Hyatt Places. The firm purchased the Junior Participation due to the location of the hotels, the attractive basis and the strength of the Sponsor. Property performance has been consistent with the underwriting.

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