Daily market intelligence on mortgages, equity raising, investment sales, and CMBS.

Monday, 14 May 2007

Memphis Hilton Sells for $45Mln

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A venture between RockBridge Partners and Davidson Hotel Co. has paid $45 million for a 405-room Hilton hotel in Memphis, Tenn.

The venture purchased the hotel from a partnership between Wilton D. "Chick" Hill, a Memphis investor, and Crow Holdings of Dallas. The previous owners acquired the property in 2004 and have spent more than $12 million on renovations.

The 27-story hotel sits in the East Memphis business district at I-240 and Polar Ave. It was built in 1974 and has more than 25,000 square feet of conference and banquet space. 

Hill had served as the president of Davidson Hotel Co. until the firm was acquired by its management team and Bridgepoint Hospitality last year.

Comments? E-mail Jeff Mordock, or call him at (267) 247-0112, Ext. 212.



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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Memphis
  • States: Tennessee
  • Sector: Hotel & Resort
  • Subject: Property Acquisitions (ACQ)
  • Valuation: Between $25 million and $50 million
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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