The owners of a Scottsdale Hilton procured an $86 million refinancing. HCW Development, with the help of the Walker & Dunlop Capital Markets team, obtained the loan on The Caesars Republic Scottsdale, a newly constructed, Hilton-branded, full-service asset located in the center of Scottsdale Fashion Square.
Walker & Dunlop Arizona Capital Markets, led by Jim Pierson and Keaton Merrell, partnered with Walker & Dunlop New York Capital Markets, led by Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Ari Hirt, and Christopher de Raet, to arrange the loan. A regional bank provided the financing.
Opened in March 2024, the 11-story property features 265 guestrooms, including five exclusive top-floor penthouse suites with panoramic views, outdoor terraces, full kitchens, and 28 luxury suites. Guests can enjoy three restaurants, two pools, and over 20,000 square feet of event space, including a 7,000-square-foot ballroom that opens to Cleopatra’s Pool & Bar.
The hotel is Caesars Entertainment’s first non-gaming hotel in the U.S.
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