Caesars Republic Scottsdale, a Hilton Hotel, Receives $86 Million Financing

Walker & Dunlop has facilitated an $86 million refinancing for the Caesars Republic Scottsdale, a hotel in Scottsdale, Arizona.

Walker & Dunlop, Inc. has successfully arranged a loan to refinance Caesars Republic Scottsdale, a hotel that commenced operations in March 2024. The $86 million financing was provided by a regional bank, with Walker & Dunlop acting as the exclusive advisor to HCW Development during the transaction.

The property, located adjacent to Scottsdale Fashion Square, features 265 guestrooms, including five penthouse suites on the top floor and 28 additional luxury suites. The hotel offers three dining venues, two swimming pools, and extensive event space totaling over 20,000 square feet. This space includes a 7,000-square-foot ballroom with access to an outdoor pool and bar area.

Walker & Dunlop’s teams from Arizona and New York led the financing arrangement. Jim Pierson and Keaton Merrell headed the Arizona team, while the New York team included Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Ari Hirt, and Christopher de Raet.

The hotel’s strategic location next to a major retail and dining district provides guests access to over 200 shops and restaurants, enhancing its appeal as a destination in Scottsdale. The Caesars Republic Scottsdale is notable for being Caesars Entertainment’s first non-gaming hotel in the United States, marking a significant development in the company’s portfolio.

This refinancing is part of a broader trend of significant transactions facilitated by Walker & Dunlop’s Capital Markets team, which sourced over $16 billion from non-agency capital providers in 2024.