A multimillion-dollar loan for one of Houston's larger hotels is facing default and has been transferred to special servicing, according to Fitch Ratings. The loan is for the 604-room Marriott Houston Westchase at 2900 Briarpark Dr.

BING NEWS:
  • Driftwood Capital Provides $34.8M Mezzanine Loan for Marriott-Branded Hotel Complex in Miami
    Driftwood Capital has provided a $34.8 million mezzanine loan for the refinancing of Miami Airport Marriott Connection, a complex comprising three Marriott-branded hotels near Miami International ...
    06/3/2024 - 3:47 am | View Link
  • Downtown Houston hotel scores $325M CMBS loan
    Houston’s Marriott Marquis Hotel is getting a $325 million mortgage originated by Goldman Sachs and Bank of America and packaged into CMBS.
    05/28/2024 - 10:30 am | View Link
  • Third-party Banking Software Market Report- USD 12.31 billion from 2022 to 2028; Industry Trends, Share, Size, Growth, Opportunity and Forecasts
    The loan servicing software market size is estimated to grow by USD 2,130.07 million at a CAGR of 10.72% between 2022 and 2027. Technavio is a leading global technology research and advisory company.
    01/11/2024 - 5:30 am | View Link
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