Mayer, Hyatt near refi deal on oceanfront hotel in OC
The Mayer Corporation and Hyatt Corporation are close to a $200 million refinancing of an oceanfront hotel located in Huntington Beach, according to a S&P Global report. The current loan on the Hyatt Regency Huntington Beach Resort & Spa — which was developed by the Mayer Corporation, who bills itself the majority owner — has an early May maturity date. No payoff, refinance or workout had been disclosed, according to Trepp and Morningstar Credit. (Entities connected to the Mayer Corporation and Hyatt Corporation are the borrowers and loan sponsors). A deal has not closed. It is anticipated to later this […]This article originally appeared on The Real Deal. Click here to read the full story.
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