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ZuluBraemar Hotels & Resorts Inc. today announced that it has successfully closed on a mortgage loan for the 210-room Four Seasons Resort Scottsdale at Troon North in Scottsdale, Arizona
Braemar Hotels & Resorts Inc. today announced that it has successfully closed on a mortgage loan for the 210-room Four Seasons Resort Scottsdale at Troon North in Scottsdale, Arizona.
The non-recourse loan totals $100.0 million and has a three-year initial term with two one-year extension options, subject to the satisfaction of certain conditions.
The loan is interest only and provides for a floating interest rate of SOFR + 3.75%.
Harry Johnson has been the assignment editor for eTurboNews for mroe than 20 years. He lives in Honolulu, Hawaii, and is originally from Europe. He enjoys writing and covering the news.
