Strategic Hotels: Strategic Hotels & Resorts Secures $85M CMBS Refi for Essex House Hotel

Famed New York City hotel JW Marriott Essex House is getting a fresh infusion of cash thanks to a refinance secured by parent company Strategic Hotels & Resorts, public records show. The $85 million loan - part of a $1.58 billion commercial mortgage-backed securities transaction for nine of Strategic's hotels, per Bloomberg data- for the [...]