Manchester Financing Group has successfully secured a $430 million, five-year SASB CMBS Loan for Fairmont Austin, a 37-story luxury hotel located in downtown Austin. The financing package includes an all-mortgage loan to replace the previous senior and mezzanine debt. Goldman Sachs played a key role as lead manager and sole book-runner.
JLL Capital Markets expertly represented Manchester Financial Group in securing this loan. The JLL Capital Markets Debt Advisory team, led by Tim Wright, Aldon Cole and Olga Walsh, facilitated the process.
Fairmont Austin boasts 1.4 million square feet of space and is proudly the fifth-tallest building in the city. Developed by Manchester Financial Group and opened in 2018, this lavish hotel offers 1,048 guestrooms and suites along with over 140,000 square feet of meeting space. Guests can also enjoy a full-service spa as well as five food and beverage outlets on-site or relax at the outdoor resort-style pool deck on its seventh floor. Conveniently situated at101 Red River St., this property is within walking distance of popular areas such as Rainey Streetand East Austin,and just two blocks from Lady Bird Lake.
