JLL arranges $53 Million refinancing for The Morrow Hotel in Washington D.C.'s NoMa district
United States, Sept. 17 -- JLL's Hotels & Hospitality Group announced it has arranged a $53 million refinancing for The Morrow Hotel, a 203-room upscale, lifestyle hotel located in Washington, D.C.JLL represented the borrower, a joint venture ownership between Trammell Crow Company and MetLife Investment Management, to secure a three-year, floating-rate loan through Peachtree Group.The Morrow Hotel, which operates under Hilton's Curio Collection brand, represents a premier hospitality destination, situated in the rapidly evolving NoMa neighborhood. The property opened in November 2022 as part of an expansive 810,000-square-foot mixed-use development that includes 640 apartments, 60,000 square feet of retail space and 350 below-grade parking...
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