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.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing