Barings Provides $115 Million Refinancing for Renaissance Boston Seaport Hotel
Summary
The 471-room Hotel features nearly 21,000 square feet of flexible meeting space, a 10,700 square foot ballroom, club lounge with harbor views, recently renovated fitness center, indoor swimming pool, and several food and beverage outlets.Eastdil Secured advised the sponsorship on the financing from Barings.This transaction expands Barings 23.4+ billion* real estate debt platform, which leverages the teams broad direct origination capabilities and deep credit expertise to invest in loans secured by institutional-quality commercial real estate.About BaringsBarings is a $431+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions. *Assets under management as of September 30, 2024About RockpointRockpoint is a real estate private equity firm that employs a fundamental value approach to investing, targeting select product types and markets throughout the United States. Highgate is the dominant player in major U.S. gateway cities including New York, Boston, Miami, San Francisco and Honolulu, with a growing footprint in Europe, the Caribbean and Latin America. Headquartered in New York, Eastdil Secured has a broad global footprint to support clients with offices across the United States in Atlanta, Boston, Charlotte, Chicago, Dallas, Los Angeles, Miami, Orange County, San Francisco, Seattle, Silicon Valley and Washington, D.C., and internationally in Dubai, Dublin, Frankfurt, London, Milan, Paris, Hong Kong and Tokyo.