Barings, Apollo Originate $113M Debt Package for 575-Room Westin Indianapolis Hotel owned by KSL

1/29/2025

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REBusinessOnline

• Subcategory: Capital Markets: Debt, Hospitality: Hotel

• Tag: Closing

• Additional Filters-Subcategory: Capital Markets: Debt-Refinance, Capital Markets: Debt-Senior Loan, Capital Markets: Mezzanine

• Additional Filters-Tags: Hospitality: Franchise

• Company: Marriott (Nasdaq: MAR), Apollo Global Management Inc. (NYSE: APO), Barings, Eastdil Secured, KSL Capital Partners

Barings and affiliates of Apollo have jointly originated a $113 million debt package to refinance the Westin Indianapolis hotel. An affiliate of KSL Capital Partners has owned the downtown property since 2019. The loan was structured with mezzanine and senior mortgage components. Barings funded the mezzanine component of the loan, with Apollo affiliates originating the senior portion.