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| Caleigh O’Connell. |
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| Kevin Davis |
JLL
represented a joint venture between funds managed by Oaktree Capital
Management, L.P. (“Oaktree”) and Clearview Hotel Capital, LLC. Barclays, Wells
Fargo and J.P. Morgan were the lenders.
The JLL team was led by Hotels & Hospitality Group Americas CEO Kevin Davis, Senior Managing Director Ryan Ade, Managing Director Mark Fisher, Senior Vice President Barnett Wu and Analyst Caleigh O’Connell.
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| Ryan Ade, |
The hotel
consists of a 1,198-key main tower built in 1994 and the 210-key historic
Headhouse Tower, which served as the passenger station and company headquarters
for Reading Terminal Train station from 1893 to 1984.
The hotel offers over 93,000 square feet of meeting space spread across 72 event venues and it is the only hotel that is directly connected to the Pennsylvania Convention Center.
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| Mark Fisher |
The hotel amenities include a 24-hour fitness
center, an indoor pool, a lobby lounge, restaurant and new pub with duckpin
bowling and billiards.
JLL’s Hotels & Hospitality Group has completed
more transactions than any other hotels and hospitality real estate advisor
over the last five years, totalling $83 billion worldwide.
The group’s 370-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments.
 |
| Barnett Wu |
Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.
For more news, videos and research
resources, please visit JLL’s newsroom.
Contact:
Alli Stent (Semans)
PR,
Hotels & Hospitality,
Capital Markets
JLL
M +1 330 329
6750
