Hyatt Regency buyer secures $70m Natixis, Square Mile loan

Columbia Sussex Corporation has secured $70 million of floating-rate financing for the acquisition of the Hyatt Regency Denver Tech Center, a 451-room full-service hotel located in Denver, Colorado.

Columbia Sussex Corporation has secured $70 million of floating-rate financing for the acquisition of the Hyatt Regency Denver Tech Center, a 451-room full-service hotel located in Denver, Colorado.

Natixis Real Estate Capital provided a $56 million senior loan while Square Mile Capital provided a $14 million mezzanine loan, which helps fund the purchase as well as a property improvement plan. The hotel is located four blocks from the Belleview Light Rail Station and the employers throughout the Denver Tech Center.

download-20Natixis has been extremely active in recent months. In September alone the lender provided $750 million in construction financing to Gary Barnett’s Extell Development for the development of One Manhattan Square in Manhattan’s Lower East Side neighborhood; and co-led with Wells Fargo Bank the $197 million financing for the construction of a mixed-use project in the Williamsburg neighborhood of Brooklyn. Also in September, Natixis provided a $48.5 million loan to Chetrit Group and JDS Development Group on a 6.2-acre river-front development in Miami, Florida.

In August the firm provided a $59.5 million, fixed-rate CMBS loan to Diamond Properties for the refinance of The Park at Mount Kisco in Mount Kisco, New York, about 40 miles north of Midtown Manhattan in Westchester County; and in May, along with Oaktree Real Estate Finance, Natixis  provided $335 million in financing for Cindat Capital Management Limited’s acquisition of a majority stake in seven Manhattan hotel properties.

The Colorado deal was arranged by Rob Rubano of Eastdil Secured.

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