Assignment Overview
RobertDouglas advised a joint venture of WBX Capital Partners and Trinity Private Equity Group in the refinancing of its existing loan for the 398-key, Marriott Kansas City Overland Park in the Greater Kansas City MSA. The new, non-recourse, floating rate senior mortgage has a five-year term, secured through a best-in-class institutional balance sheet lender.
Property Background
WBX Capital Partners and Trinity Private Equity Group acquired the property in August 2019 and subsequently completed a comprehensive nearly $17 million renovation. The modern and inviting new design features major updates to all guestrooms; public spaces, including the lobby; the M Club Lounge and meeting spaces, as well as a vibrant new restaurant and bar, Zephyr Kitchen & Bar. The Marriott Kansas City Overland Park is located in one of the leading business districts in the Midwest, home to more than 40 corporate headquarters and featuring 20 million square feet of Class-A office space.
Deal Highlights
Client: |
| WBX Capital Partners and Trinity Private Equity Group |
