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JLL Hotels Secures Refinancing for Three-Property Portfolio

Friday January 4th, 2013 - 12:03AM

NEW YORK–Jones Lang LaSalle Hotels has secured $215.6 million refinancing for a three-hotel portfolio.

The three hotels, which are owned by a partnership between Ashford Hospitality Trust and Prudential Real Estate Investors, include the 390-room Hilton Boston Back Bay, the 296-room Westin Princeton at Forrestal Village in New Jersey and the 673-room Renaissance Nashville. The Hilton was financed as a standalone asset with a $103 million loan, while the Westin and the Renaissance were financed jointly with a $112.6 million loan. Over the past two years, JLL Hotels has closed more than $2.5 billion of hotel financing.