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Gaw Capital Secures $547 Million Loan Backed by Regent Hong Kong

Bloomberg Markets •
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Gaw Capital Partners has secured a HK$4.29 billion ($547 million) loan backed by its Regent Hong Kong hotel, with lender commitments exceeding the target amount. The three-year loan, which would refinance a same-sized borrowing secured against the hotel in 2023, drew 13 lenders including nine banks that joined during syndication, according to a document seen by Bloomberg News. The deal underlines strong demand for prime hospitality assets despite weakness in Hong Kong's broader commercial property market.