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March 09, 2018  

Invesco Backs Seattle-Area Hotel Deal

Invesco has provided a $58 million loan to the buyer of a newly upgraded hotel in suburban Seattle.The floating-rate debt, with a term of five years, was originated two weeks ago for AllianceBernstein. The New York investment shop bought the 262-room Seattle Marriott Redmond, in Redmond, Wash., from Blackstone affiliate BRE Select Hotels for about $70 million, or $267,000/room. Eastdil Secured advised BRE on the sale and helped line up the...

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