**Scottsdale Hotel Owner Secures $86M Refinancing for Caesars Republic**
The owners of The Caesars Republic Scottsdale have secured an $86 million refinancing package for the luxury property. HCW Development, in partnership with Walker & Dunlop Capital Markets, arranged the new loan for the recently constructed, full-service Hilton-branded hotel located at the heart of Scottsdale Fashion Square.
The financing was facilitated through a collaboration between Walker & Dunlop’s Arizona Capital Markets team, led by Jim Pierson and Keaton Merrell, and the firm’s New York Capital Markets team, headed by Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Ari Hirt, and Christopher de Raet. The financing was provided by a regional banking institution.
Opened in March 2024, the 11-story Caesars Republic Scottsdale comprises 265 guest rooms, including 28 luxury suites and five exclusive penthouse suites on the top floor. These penthouses offer panoramic views, private outdoor terraces, and full kitchens. Hotel amenities include three restaurants, two resort-style pools, and over 20,000 square feet of event space. Notably, the property features a 7,000-square-foot ballroom that opens up to Cleopatra’s Pool & Bar.
This property marks Caesars Entertainment’s first non-gaming hotel venture in the United States.
