CHICAGO-Tishman Hotel & Realty LP has successfully arrangedfor a $158.2-million loan to refinance the loan on the SheratonChicago Hotel & Towers. The loan was provided by Goldman Sachs& Co., which will be used to refinance a $141.7-million loanthat had matured in January.
The owners of the 1,209-room hotel had got an extension on theloan till Oct 13, 2010 and were hoping to extend it further tillOctober 2012. For the full story, go to Crain's Chicago Business.
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