A Marriott-affiliated hotel in Pico-Robertson secured an eight-figure refinancing deal a year after it was rebranded. Brentwood-based mortgage lender Mesa West Capital provided a five-year $55 million loan for the Burton House, Beverly Hills, the Los Angeles Business Journal reported. The debt amounts to $295,700 per key. The hotel was previously called the Residence Inn Beverly Hills. After being absorbed into Marriott’s Tribute Portfolio Hotels & Resorts last year, the 186-room hotel underwent a $13.7 million renovation and rebrand as the Burton House. The property, at 1177 South Beverly Drive, is across the street from the Beverly Hills Marriott. The […]
This article originally appeared on The Real Deal. Click here to read the full story.
Powered by WPeMatico