Assignment Overview
RobertDouglas advised Hospitality Resorts Inc. in a transaction involving the loan restructuring of the Hilton Niagara Falls / Fallsview Hotel and Suites located in Niagara Falls, Ontario. The favorable outcome allowed the owner to increase proceeds and extend the loan term.
Project Overview
The Hilton Niagara Falls / Fallsview Hotel and Suites is comprised of three towers, including a 53-story tower completed in 2009, and has 1,080 luxurious suites, making it one of the largest hotels in Canada, and also among the largest independently-managed Hilton hotels in the world. Connected to the Fallsview Casino, the hotel’s oversized rooms offer spectacular views of both the American and Canadian falls, as well as access to a wide array of resort amenities.
Deal Highlights
| Client (Borrower): Lender: Financing Proceeds: Key Count: | Hospitality Resorts Inc. Pacific Life CAD$150 million 1,080 |
