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Barings and Apollo Affiliates Provide $113 Million Debt Package for Westin Indianapolis

Jan 27, 2025•over 1 year ago

Contract Type

partnership

CharlotteOtherProfessional ServicesSustainabilityFinancial ServicesReal EstateFinanceFintechLending

Description

Barings and Apollo affiliates have provided a $113 million debt package to refinance the Westin Indianapolis in downtown Indianapolis. The loan includes mezzanine and senior mortgage components and is aimed at supporting the extensive property renovations of the hotel. The Westin Indianapolis is considered well-positioned for strong future performance, given its prime downtown location and extensive event space.

Company Information

Company

Barings

Location

Charlotte, North Carolina, United States

About

Barings is a $470+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.

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