Taconic Capital Advisors
Alpental Capital, Solid Rock Group, and Taconic Capital Advisors Complete Sale of Sheraton Denver Tech Center for $16.2M
Alpental Capital | January 5, 2023
Alpental Capital, Solid Rock Group, and Taconic Capital Advisors jointly announced the sale of the Sheraton Denver Tech Center for $16.2 million. The 263-room hotel located in Greenwood Village, CO last sold for $9.2 million as part of a bankruptcy auction in June 2021. The partnership completed an extensive capital improvement plan and reopened the hotel in August 2021, after being closed by the previous owner in March 2020. “We are proud to see this investment through its lifecycle from acquisition to disposition, despite the broader economic and capital markets headwinds. The transaction represents one of the few hotel investments suc...
Taconic Capital Advisors and HEI Hotels & Resorts Jointly Acquire Hyatt Regency Jersey City
Taconic Capital Advisors | December 1, 2022
NEW YORK-- Taconic Capital Advisors LP (“Taconic”) and HEI Hotels & Resorts (“HEI”), today announced that they have jointly acquired Hyatt Regency Jersey City from affiliates of Hyatt Hotels Corporation (NYSE: H) and Veris Residential Inc. (NYSE: VRE). The property is a full-service, 351-key hotel located adjacent to Exchange Place situated on a pier extending over the Hudson River in Jersey City, NJ. In conjunction with the purchase, Taconic and HEI were successful in assuming a $100 million fixed-rate CMBS mortgage with ample remaining term. The hotel was completed in 2002 and more than $15 million in subsequent upgrades have b...
Sheraton Park Hotel at the Anaheim Resort Completes $33M Renovation
Sheraton Park Hotel at the Anaheim Resort | April 14, 2022
The Sheraton Park Hotel at the Anaheim Resort, owned by Taconic Capital Advisors and operated by leading hospitality company Aimbridge Hospitality, has announced the completion of a $33 million dollar renovation. Renovations began in May 2021. “We are delighted to unveil our reimagined and vastly improved resort and introduce the extraordinary changes throughout the property,” said Ian Gee, General Manager. “Guests and locals alike will appreciate the totally new-and-improved experience, in both design and services we offer.” Guests will immediately notice the large-scale commissioned sculpture bathed in ligh...
Taconic and HEI Hotels & Resorts Partner to Acquire Westchester Marriott From ACRE for $40
Taconic Capital Advisors | March 11, 2022
NEW YORK - March 11, 2022 - Taconic Capital Advisors, HEI Hotels & Resorts and Ares Commercial Real Estate Corporation (“ACRE”) announced today that Taconic and HEI have partnered to acquire the Westchester Marriott, a 444-key hotel in Tarrytown, NY, from ACRE for $40 million. As part of the transaction, ACRE has elected to provide a financing facility in support of the business plan for the hotel property. The 15-acre property, located at 670 White Plains Road in Tarrytown, offers 21 event rooms for a total of 26,700 square feet of conference and meeting space, including a 9,000-square-foot ballroom with a total capacity of 1,...
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