{"id":1004030726,"date":"2011-07-06T06:45:12","date_gmt":"2011-07-06T14:45:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004030726"},"modified":"2022-12-06T01:14:28","modified_gmt":"2022-12-06T09:14:28","slug":"cushman-wakefield-arranges-47-5m-financing-for-hawaii-hotel","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-47-5m-financing-for-hawaii-hotel\/","title":{"rendered":"C&amp;W Arranges $47.5M Financing for Hawaii Hotel"},"content":{"rendered":"<p>July 6, 2011<br \/>\nBy Nicholas Ziegler, News Editor<\/p>\n<p><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/07\/070611-Courtyard-Waikiki-Beach.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004030727\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-47-5m-financing-for-hawaii-hotel\/070611-courtyard-waikiki-beach\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/07\/070611-Courtyard-Waikiki-Beach.jpg\" data-orig-size=\"356,247\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"070611 Courtyard Waikiki Beach\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/07\/070611-Courtyard-Waikiki-Beach.jpg?w=356\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/07\/070611-Courtyard-Waikiki-Beach.jpg\" alt=\"\" title=\"070611 Courtyard Waikiki Beach\" width=\"150\" height=\"150\" class=\"alignright size-thumbnail wp-image-1004030727\" \/><\/a><\/p>\n<p>While the office sector continues its strong performance in the high-end market, the hospitality industry still lags somewhat. In one of the deals that is changing that scenario, Cushman &amp; Wakefield Sonnenblick Goldman&#8217;s Global Hospitality Group announced Tuesday that the firm arranged a $47.5 million financing for the acquisition of the Courtyard Waikiki Beach, a 401-room property located in central Honolulu. Cushman &amp; Wakefield represented affiliates of Lodging Capital Partners and Rockpoint Group, L.L.C. in the transaction.<\/p>\n<p>\u201cWe received more than a dozen term sheets for the financing, which speaks to the flight of capital towards high quality hotels in top markets such as Waikiki,\u201d said Robert Stiles, an executive vice president and principal at Cushman &amp; Wakefield Sonnenblick Goldman. \u201c<\/p>\n<p>Jared Kelso, a senior director at Cushman &amp; Wakefield Sonnenblick Goldman, was also optimistic. \u201cThis transaction demonstrated the heightened liquidity dedicated to the hospitality industry, bolstered by improving performance trends across the sector,\u201d he said. <\/p>\n<p>In recent months, Cushman &amp; Wakefield Sonnenblick Goldman\u2019s U.S Hospitality Group has been involved in several hotel transactions, including the sales of the JW Marriott San Francisco, Hilton Long Island\/Huntington, and the Hilton Rye Town in Rye Brook, New York, and the $170 million financing of two Times Square hotels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cushman &amp; Wakefield Sonnenblick Goldman&#8217;s Global Hospitality Group announced Tuesday that the firm arranged a $47.5 million financing for the acquisition of the Courtyard Waikiki Beach, a 401-room property located in central Honolulu.<\/p>\n","protected":false},"author":1201,"featured_media":1004030727,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21751,21742],"tags":[],"class_list":["post-1004030726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-hotel","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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