financeHotels Magazine··1 min·For: Owner, Investor, GM, Revenue
Gencom JV Secures $125M Refinancing for St. Regis Chicago
A joint venture between Gencom and GD Holdings has secured a $125 million refinancing package from Banco Inbursa for the 192-key St. Regis Chicago. The deal replaces the original $76 million acquisition financing and highlights strong lender confidence in the property's operational performance since its 2023 acquisition.
Key Takeaways
- 1Leverage the $125M loan from Banco Inbursa to replace $76M in original acquisition debt and optimize the asset's capital structure.
- 2Capitalize on the property's status as Chicago's first new luxury hotel in a decade to attract high-end business and leisure demand.
- 3Focus on the long-term fundamentals of the Chicago market, supported by the property's prime Lakeshore East Loop location and mixed-use integration.
Source: Hotels Magazine
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