A large resort in Southern California’s Coachella Valley has secured more than $200 million in refinancing from Citi. Trinity Investments nabbed $210 million in refinancing from Citi for the Grand Hyatt Indian Wells Resort & Villas, Commercial Observer reported. JLL Capital Markets arranged the five-year commercial mortgage-backed securities loan. The funding lands after the resort underwent a $62 million renovation and was reflagged as a Grand Hyatt property in 2024. The 531-key hotel spans 45 acres at 44600 Indian Wells Lane in Indian Wells, about 20 miles southeast of Palm Springs. The city is known worldwide for hosting the BNP […]
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