Jones Lang LaSalle Secures $59 Million Financing for Market-Leading Luxury Hotel and Residential Complex

Jones Lang LaSalle Hotels announced the firm has facilitated the $59 million financing of the Chase Park Plaza, on behalf of Behringer Harvard and Kingsdell, LP.  The floating rate financing was secured through Prime Finance and will replace the existing debt that has come to maturity. Leading the firm’s efforts on this transaction was Executive Vice President Mathew Comfort and Senior Vice President Keith Largay, along with Managing Director David Hendrickson and Vice President John Nugent.
 
“The Chase Park Plaza is an irreplaceable luxury hotel that is on the cusp of capitalizing on the resurgence in demand and upturn of the St. Louis lodging market,” said Comfort. “Anticipated gains in the coming years represent a substantial opportunity for Behringer Harvard to capitalize on both increased RevPAR and NOI growth.”


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