Mortgage Banking

Making sense of commercial real estate finance.

$402M loan for local Seattle company

Posted by Jordan Crouch on October 15, 2007

Gooman Hospitality Investments, the hotel arm of Goodman Investment Group owned by John Goodman (not the actor), recently purchased three hotels; two are in Acapulco, Mexico and one is in Hamilton, Bermuda. All three are Fairmont Properties. The article on GlobeSt.com didn’t mention the price paid but said Hypo Real Estate Capital provided a $402 million loan, which included funds to reposition the property.  Hypo is a Munich based bank (and very active in the US market currently). Goodman Investment Group includes Goodman Hospitality Investments, Goodman Real Estate, Pinnacle Realty and Triad Development.

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