ATLANTA, Georgia—Portman introduced that it executed over $680 million in hospitality financing exercise in 2025 throughout acquisitions, refinancing, and mortgage modifications. Among the many exercise was a $237.5 million refinancing of the Hyatt Regency Salt Lake City. The unique development mortgage was refinanced with a SASB CMBS mortgage whereas holding the present CPACE mortgage in place from the unique financing.
Final summer time, Portman acquired the Westin Cincinnati, a 456-key, full-service lodge. The deal marked Portman’s first lodge acquisition and the official launch of its value-add acquisition technique.
“Final 12 months’s financing exercise is a direct results of Portman’s give attention to its lodge funding administration capabilities,” stated Kaunteya Chitnis, managing director of hospitality at Portman. “This execution additional reinforces our place of long-term lodge possession to realize long-term returns. Portman has a 70-year legacy in hospitality, and our crew is uniquely positioned to be a frontrunner within the lodge area, whether or not we’re enhancing returns on present property, pursuing ground-up improvement, or executing value-add lodge acquisitions.”
Portman’s hospitality portfolio consists of seven lodges throughout 5 markets, totaling greater than 3,000 rooms and over $1 billion in property below administration.
“Lodges are resilient,” continued Chitnis. “Regardless of short-term macro headwinds, we proceed to see upward developments in shopper spending and a rising demand for the experiential financial system, which, coupled with a good long-term provide story, are optimistic bellwethers for the long run progress of the trade. Wanting forward, we are going to give attention to rising Portman’s lodge portfolio by making strategic acquisitions that leverage our crew’s distinctive capabilities and add long-term worth.”
