CIM Group Closes $90 Million Loan for Downright Austin, a Renaissance Hotel [Yahoo! Finance]
Brookfield Corporation Class A Limited Voting Shares (BN)
Company Research
Source: Yahoo! Finance
fund, has closed a $90 million whole loan to Brookfield Asset Management to refinance Downright Austin, a Renaissance Hotel in downtown Austin. Downright Austin is a 16-story, 367-room, top-tier full-service hotel located at 701 East 11 th Street that is a popular destination for a diversified mix of demand, including corporate, education, government and leisure. Downright Austin amenities include a fitness center, outdoor pool, café, onsite bar and restaurant, indoor/outdoor event space, and valet and on-site parking. Under Brookfield Asset Management's ownership, the hotel underwent a major renovation that included upgrades to all guest rooms, the expansion of the public spaces and improved amenities including the addition of Morning Bird, a breakfast and lunch cafe, and Swim Club, a poolside bar and restaurant. For accommodating meetings and events business, the hotel features 17,018 square feet of indoor meeting space and 13,000 square feet of outdoor event space. Following the
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BN
Earnings
- 11/14/24 - Miss
BN
Sec Filings
- 12/17/24 - Form 6-K
- 12/13/24 - Form 6-K
- 12/11/24 - Form 6-K
- BN's page on the SEC website