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Corporate Finance News

North Point Hospitality Group secures financing for Marriott tri-branded new property in Nashville

North Point Hospitality Group secures financing for Marriott tri-branded new property in Nashville

🕔May 9, 2016

Nashville is about to gain 468 hotel rooms next to the Music City Center convention facility now that financing is set and construction nears on the first Marriott tri-branded property in the U.S.

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RLJ Lodging Trust strengthens balance sheet by refinancing over $1.0 Billion of debt

RLJ Lodging Trust strengthens balance sheet by refinancing over $1.0 Billion of debt

🕔Apr 29, 2016

RLJ Lodging Trust has recently announced that it successfully refinanced over $1.0 billion of debt consisting of a $400.0 million unsecured term loan, a $400.0 million revolving credit facility, $148.5 million in secured loans provided by Wells Fargo Bank, N.A., and an $85.0 million secured loan provided by PNC Bank, N.A.

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MGM Resorts International announces pricing of IPO by MGM Growth Properties LLC

MGM Resorts International announces pricing of IPO by MGM Growth Properties LLC

🕔Apr 20, 2016

MGM Resorts International today announced the pricing of the initial public offering of 50,000,000 Class A common shares representing limited liability company interests by its subsidiary MGM Growth Properties LLC (MGP) at a public offering price of $21.00 per share for gross proceeds of $1.05 billion.

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Hilton Worldwide announces intention to spin off Real Estate and Timeshare businesses

Hilton Worldwide announces intention to spin off Real Estate and Timeshare businesses

🕔Feb 28, 2016

Hilton Worldwide today announced plans to enhance long-term shareholder value by spinning off the bulk of its real estate business into a publicly traded real estate investment trust (REIT) and by spinning off its timeshare business, Hilton Grand Vacations (HGV), as a separate publicly traded company.

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