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Four Seasons Hualalai gets $225M loan from Starwood Property Trust

July 15, 2013 Destination Hawaii No Comments Email Email

egtmedia59The Four Seasons Resort Hualalai in Hawaii, which is co-owned byMichaael Dell’s MSD Capital LP and Rockpoint Group LLC, has secured a $225 mortgage from Starwood Property Trust Inc.

Bloomberg reports the loan on the Big Island resort will mature in five years and has two one-year extension options, according to Greenwich, Conn.-based Starwood Property Trust (NYSE: STWD).

Bloomberg reports the loan replaces a $176 million loan that was sent to special servicing after it matured last year.

Dell’s MSD Capital and Rockpoint Group bought the resort near Kailua-Kona in 2006 for $503.6 million.

Dell’s Hawaii holdings also include the Four Seasons Resort Maui and the Kona Village Resort.

Edited by : Bill Hurley

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