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Home Finance Goldman Sachs Buys $280MM Senior Loan on Slatkins’ 327-Key Santa Monica Beach Hotels, Consolidating $400MM Debt Stack
FinanceHospitalityIndustry NewsLos Angeles

Goldman Sachs Buys $280MM Senior Loan on Slatkins’ 327-Key Santa Monica Beach Hotels, Consolidating $400MM Debt Stack

October 2, 20263 Mins read60
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Photo by Zetong Li For Unsplash+
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Goldman Sachs has bought the $280 million senior mortgage on Shutters on the Beach and Hotel Casa del Mar out of special servicing, putting both layers of the debt behind Edward and Thomas Slatkin's 327-key oceanfront hotels in the hands of affiliates of a single Wall Street firm after a months-long dispute over an interest rate cap.

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