Blackstone backs Hyatt Regency in Bethesda, Maryland

Blackstone has provided an $83m acquisition loan to Highgate Hotels and The Meridian Group for the acquisition of the Hyatt Regency Hotel in Bethesda, Maryland, Real Estate Capital has first learned. Blackstone originated the floating rate loan out of Blackstone Mortgage Trust (BXMT), a public mortgage REIT that is part of Blackstone Real Estate Debt Strategies (BREDS), the firm’s commercial real estate lending platfor