Barings and apollo affiliates provide $113 million debt package for westin indianapolis

Charlotte, n.c.--(business wire)--barings, one of the world's largest diversified real estate investment managers, announced today that it has jointly originated a $113 million debt package alongside affiliates of apollo (nyse: apo) to refinance the westin indianapolis (the “hotel”) in downtown indianapolis. an affiliate of ksl capital partners (“ksl”) has owned the hotel since 2019. the loan was structured with mezzanine and senior mortgage components. barings funded the mezzanine component of.
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