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Stock impact report

How Hyatt Regency Orlando deal got $620M in financing in challenging lending market [Yahoo! Finance]

CoStar Group, Inc. (CSGP) 
Last costar group, inc. earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: costargroup.com/investors/stock-info
Company Research Source: Yahoo! Finance
The $1.02-billion sale of the Hyatt Regency Orlando in August was the largest hotel sale year-to-date nationwide, according to real estate analysts CoStar Group To pull this off, buyers Ares Management out of Los Angeles and Houston-based Rida Development received a five-year, floating-rate loan for $620 million from Wells Fargo Bank of America and Deutsche Bank. Read: Orlando International Airport expects record number of travelers during Labor Day weekend While the loan's value is noteworthy, what makes the transaction incredible is the environment in which it happened. Click here to read the full story on the Orlando Business Journal's website. Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live. Show less Read more
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