Whg: Starwood Provides $230M Debt Package on Bundle of HomeTowne Studios Hotels

Dune Real Estate Partners and Westmont Hospitality Group have secured a $230 million debt package to finance a 41-property portfolio of HomeTowne Studios by Red Roof extended stay hotels, according to ratings agency analysis of the deal. The commercial mortgage-backed securities (CMBS) debt package includes a $184 million first mortgage and a $46 million mezzanine [...]