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 Metropolis. The unique building mortgage was refinanced with a SASB CMBS mortgage whereas preserving the present CPACE mortgage in place from the unique financing.
Final summer season, Portman acquired the Westin Cincinnati, a 456-key, full-service resort. The deal marked Portman’s first resort acquisition and the official launch of its value-add acquisition technique.
“Final yr’s financing exercise is a direct results of Portman’s deal with its resort funding administration capabilities,” mentioned Kaunteya Chitnis, managing director of hospitality at Portman. “This execution additional reinforces our place of long-term resort possession to attain long-term returns. Portman has a 70-year legacy in hospitality, and our group is uniquely positioned to be a frontrunner within the resort area, whether or not we’re enhancing returns on current property, pursuing ground-up improvement, or executing value-add resort acquisitions.”
Portman’s hospitality portfolio contains seven resorts throughout 5 markets, totaling greater than 3,000 rooms and over $1 billion in property below administration.
“Accommodations are resilient,” continued Chitnis. “Regardless of short-term macro headwinds, we proceed to see upward traits in shopper spending and a rising demand for the experiential financial system, which, coupled with a positive long-term provide story, are optimistic bellwethers for the longer term development of the trade. Trying forward, we are going to deal with rising Portman’s resort portfolio by making strategic acquisitions that leverage our group’s distinctive capabilities and add long-term worth.”
