NEW YORK — Sonnenblick-Goldman Co. has arranged a $475 million recapitalization, that resulted in the refinancing of all of the third-party corporate debt and all of the debt secured by a portfolio of five boutique hotels: Morgans, the Royalton and the Hudson in New York; the Delano in Miami; and the Mondrian in Los Angeles. The transactions were arranged on behalf of Morgans Hotel Group (formerly known as Ian Schrager Hotels) and its partner, NorthStar Capital Investment Group. The financing was co-provided by Greenwich Capital, Credit Suisse First Boston and Blackacre Capital Management.
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