Access Point Financial (APF) has closed on a $133.1-million investment in Goldman Sachs‘ recent $985-million hotel portfolio refinance.
Goldman Sach arranged the transaction for Atrium Holdings, a hotel and asset management company overseeing a portfolio of hotels licensed primarily through the Marriott, Hilton, and IHG brand families, which will use the proceeds to refinance a 24-property hotel portfolio. APF acquired three bond tranches (HRR, G, & F) of the capital stack, totaling $133.1 million.
“This transaction underscores APF’s position as a creative and aggressive capital provider in hospitality,” said Michael I. Lipson, CEO of Access Point Financial. “Our ability to acquire these tranches in Goldman Sachs’ complex refinancing of such a significant hotel portfolio speaks to our strategic approach and how APF’s early participation facilitates and improves the execution of these types of financings. We pride ourselves on finding innovative solutions in a challenging market and are prepared to move decisively when opportunities arise. By leveraging our deep industry expertise and flexible capital, we continue to support the evolving needs of leading hospitality companies like Atrium Holdings.”
The portfolio comprises 24 properties across the U.S., the majority of which are branded as Embassy Suites by Hilton.
The post APF closes on $133M investment in Goldman Sachs portfolio refi appeared first on hotelbusiness.com.
Appeared first on: hotelbusiness.com