Marathon Asset Management Provides $210M Loan to Trinity on Ritz-Carlton Dallas
10/03/24, 5:52 PM
Location
Money
$210 million
Industry
lending
finance
financial services
Type
partnership
Marathon Asset Management’s Commercial Real Estate platform provided a $210 million loan to Trinity Investments and Partners Group to refinance The Ritz-Carlton Dallas, Las Colinas, a recently renovated 427-key resort within the Dallas-Fort Worth metroplex. The loan will support the strategic renovation plan for The Ritz-Carlton Las Colinas, positioning it as one of the premier hotels in Dallas.
Company Info
Location
new york, new york, united states
Additional Info
Marathon Asset Management LP is a global credit manager with over $23 billion in assets under management. The firm was formed in 1998 by Chairman & CEO Bruce Richards and CIO Louis Hanover and has offices in New York City, London and Tokyo. Marathon's core competency is opportunistic investing in the global corporate, emerging market and structured credit markets. Its Capital Solutions platform specializes in designing bespoke private credit transactions to high-quality companies and seeks to invest $50 million to $500 million per transaction. Marathon provides partnership capital to sponsors and management teams primarily in the form of senior secured unitranche loans, junior lien debt, mezzanine debt, convertible bonds and preferred equity. For additional information, please visit www.marathonfund.com.