New Texas Medical Center Hotel Secures Multimillion-Dollar Refinancing

By: Jeff Jeffrey

Cottonwood Group, in partnership with Hana Alternative Asset Management, provided a $102 million refinancing loan for the InterContinental Houston – Medical Center, a 22-story, 354-room luxury hotel in Houston’s Texas Medical Center. The financing supports one of the district’s premier hospitality assets and reflects the firms’ continued investment in high-quality real estate opportunities. Read the full article in the Houston Business Journal.

ABOUT COTTONWOOD GROUP: Headquartered in Los Angeles, Cottonwood is a private equity real estate investment firm focused on equity and debt opportunities across all property sectors and geographies. The firm’s ability to act as a lender, investor, operator and sponsor of real estate investments of all sizes and complexities is fundamental to delivering a risk-adjusted absolute return for investors. Investing out of its discretionary funds and separate institutional accounts, Cottonwood targets U.S. real estate opportunities with a capitalization of up to $1 billion.