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October 05, 2018  

CMBS Shops Chase $1.2 Billion Hotel Loan

Commercial MBS lenders are vying for a $1.2 billion refinancing assignment on a big hotel portfolio owned by Hospitality Investors.The nontraded REIT would use most of the proceeds to refinance a $915 million floating-rate debt package that it lined up last year from Deutsche Bank, Citigroup and J.P. Morgan. That package becomes eligible for prepayment without penalty next month.The 10,040-room portfolio, which was appraised at $1.3 billion last...

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