Natixis and Square Mile Capital Originate $70 Million Loan for Hyatt Regency Denver Tech Center Acquisition
Natixis and Square Mile Capital provided $70 million of floating-rate financing to Columbia Sussex Corporation for the acquisition of the Hyatt Regency Denver Tech Center, a 451-room full-service hotel located in Denver, Colorado. Natixis provided a $56 million senior loan while Square Mile Capital provided a $14 million mezzanine loan. The funds were used to acquire the property and to fund a property improvement plan.
The hotel is conveniently located four blocks from the Belleview Light Rail Station and is in close proximity to the abundance of employers and retail amenities spread throughout the Denver Tech Center. The property features a number of amenities including a glass-enclosed pool, sun deck, a Hyatt StayFit gym, business center, conference and meeting facilities, and two on-site dining facilities - Root25 Taphouse & Kitchen and Perks Coffee & More coffee and snack shop. The transaction was arranged by Rob Rubano of Eastdil Secured and was originated out of Square Mile Capital’s New York office and Natixis’ Los Angeles office.