Lending Portfolio
Transaction Details
What was a 32-room resort (formerly CopperWynd Resort) was expanded, redeveloped, flagged and rebranded into the boutique Adero Resort. The property is now a 177-room luxury resort f lagged as part of the Marriott Autograph Collection. Bill Hinz redeveloped the resort. Malcolm Davies, Managing Director at George Smith Partners, sourced the financing for the project.
Deal Basics
-
location
Scottsdale, AZ
-
loan amount
$56.4 Million
-
claim type
1st Lien
-
loan type
Construction Loan
-
property type
Hotel