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.
Corporate Finance News
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.
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.
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.