News Column

Talmage Named Special Servicer for $345 million Hilton Orlando CMBS Hotel Loan

July 30, 2014

NEW YORK--(BUSINESS WIRE)-- Talmage, LLC is pleased to announce that it has been named the Special Servicer for the $345 million, 7-year floating rate CMBS loan secured by Hilton Orlando Hotel located within Orlando’s International Drive entertainment district and featuring 1,417 guest rooms. The Hilton Orlando loan is securitized in the HILT 2014-ORL CMBS loan that closed on July 29, 2014. UBS Securities LLC and Wells Fargo Securities acted as joint bookrunners and co-lead managers and Drexel Hamilton acted as co-manager.

“We are delighted to have been named special servicer for Hilton Orlando located in the heart of Orlando’s entertainment and convention districts,” said Edward L. Shugrue III, CEO of Talmage. He added, “It is a continuation of our special servicing strategy of working on a limited number of large-scale and high-profile transactions each year.”

Talmage’s appointment as the Special Servicer in the Hilton Orlando Hotel transaction is consistent with its practice of working on large single-asset and single-borrower transactions where its independence and investment acumen create superior results. Similar transactions in which Talmage served as the Special Servicer include the Meristar Hotel Portfolio, owned by affiliates of the Blackstone Group, and the Tharaldson Hotel Portfolio, owned by affiliates of Goldman Sachs. Talmage was recently named Special Servicer for the W.R. Grace Building CMBS loan in New York City and the Kyo-Ya Hotel Portfolio CMBS loan located in Hawaii and California.

Talmage is an active investor in, and advisor/special servicer on, large and complex commercial real estate transactions. Since 2003, Talmage has made in excess of $10 billion of commercial real estate fixed income investments and acted as the special servicer and/or advisor on over $40 billion of loan restructurings and modifications. Talmage is independently owned and offers conflict-­-free advice to its institutional clients. Talmage is headquartered in New York City.


Talmage, LLC

Edward L. Shugrue III, +212-209-1380

Chief Executive Officer

Source: Talmage, LLC

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Source: Business Wire

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