NEW YORK— HOTEL BUSINESS® has learned that Capital Hotel Investments (CHI), a lodging REIT privately held by Marriott International and Blackacre Capital Management, is in the process of refinancing its six-property portfolio. According to New York-based Sonnenblic – Goldman Managing Director Mark Gordon, who is charged with raising some $350 million for the transaction, the REIT’s decidedly upscale portfolio represents market capitalization of roughly $600 million. The CHI property line-up consists of: The Ritz-Carlton Kapalua in Hawaii; the Marriott LAX in California, as well as the Marriott Frenchman’s Reef Beach Resort on St. Thomas, USVI; another Marriott Hotel in Alpharetta, GA; the Renaissance Eden Roc in Miami Beach, FL and s another Renaissance property in Fort Worth, TX.—Michael Billig
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