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Courtyard Dallas Allen at the Event Center – Image Credit APF
Access Point Financial has acquired $98 million in risk retention bonds as part of a $653 million refinancing of a 15-hotel portfolio owned by Atrium Holding Company.
Access Point Financial (APF) announced the acquisition of $98 million in the H and JRR risk retention bond classes, which are part of a $653 million loan refinancing led by Goldman Sachs. The refinancing involves a portfolio of 15 hotels owned by affiliates of Atrium Holding Company.
The transaction marks APF’s second collaboration with Atrium. Previously, APF purchased $133.1 million of bonds in a similar offering led by Goldman Sachs. The current acquisition includes the most subordinate and first-loss 15% of the refinancing loan.
The hotel portfolio spans 12 states and comprises 3,892 rooms. It includes eight Embassy Suites by Hilton, one Hilton, one Renaissance, one Sheraton, two Residence Inns by Marriott, and two Courtyards by Marriott hotels. Atrium Holding Company plans to invest approximately $68 million in renovations across these properties.
Access Point Financial, a real estate private credit firm, continues to focus on expanding its partnerships and deploying capital in the hospitality sector. The firm recently completed a $1.1 billion refinancing of floating rate mortgage loans with ATLAS SP Partners.
