Hospitality

Capital watch: Closed-end real estate debt funds collect $15.9bn in H1

North America dominated both funds closed and funds in market.

Lending Barometer: Refinancings continue to dominate lending market

The Lending Barometer found that about 51.3%, or $70.3bn, of loans tracked year-to-date were comprised of refinancings.

Real estate private credit should be a standalone asset class, Driftwood report argues

The Florida-based hotel specialist identifies an opportunity set within the hospitality sector in particular.

Peachtree funds $155m bridge loan for Orlando hospitality portfolio

The deal marked the Atlanta-based manager’s largest senior financing to date as it aims for a $3.5bn origination target in 2026.

Lending Barometer: Treasury spike chills US originations

The PERE Credit Lending Barometer, which tracks representative data on US and European commercial real estate lending, tracked $12.9bn of new originations across 93 transactions in the US in May.

Incus holds second close of €800m European asset-backed financing fund

The Spanish manager has raised 70% of targeted capital for the vehicle, which includes real estate lending in its remit.

X-Caliber, CastleGreen close $430.9m redevelopment financing for Hawaii hotel

The managers will be using a blend of senior debt and C-PACE capital to revitalize Reef Capital Partners’ 32-acre Coco Palms Resort in Kuaui.

Private real estate credit is rewriting the hotel redevelopment playbook

The revitalization of dated hospitality assets has found renewed life and capital from debt fund managers.

Invesco set for record six-month Europe lending on back of €300m Carlyle loans

The US firm said H1 has been the most active period for its credit business in the region since its 2020 launch.

Madison Realty funds $115m refinancing for Santa Cruz resort

The property is the first luxury beachfront resort in Santa Cruz, California.