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Life Co. Finances $111M Liaison Hotel Sale

HFF placed the 75% loan-to-cost floating-rate bridge loan.

Photo by Leon

WASHINGTON, DC—More details have emerged about Pebblebrook Hotel Trust’s $111 million sale of the 343-room, Liaison Capitol Hill in February.

HFF has just reported that it not only closed the hotel’s sale but it also arranged acquisition financing for it. HFF marketed the property on behalf of Pebblebrook and a partnership between Metrovest Equities and BLDG Management purchased the hotel. In addition, working on behalf of the partnership, HFF placed a 75% loan-to-cost floating-rate bridge loan with a major life insurance company.

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Erika Morphy

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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