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Manchester Financial Group secures $430m in refinancing for Fairmont Austin luxury hotel
Transactions - JULY 9, 2024

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Manchester Financial Group secures $430m in refinancing for Fairmont Austin luxury hotel

by Denise Moose

Manchester Financial Group secured $430 million in refinancing for the Fairmont Austin, a 37-story luxury hotel in downtown Austin.

JLL Capital Markets represented Manchester Financial Group in securing the five-year, interest-only fixed-rate SASB CMBS loan, with Goldman Sachs acting as a lead manager and sole bookrunner. The all-mortgage financing package was used to replace a $300 million senior loan and $125 million of mezzanine debt.

Fairmont Austin spans 1.4 million square feet, standing as the city’s fifth-tallest building. Developed by Manchester Financial Group, the hotel first opened in 2018 and features 1,048 guest rooms and suites, nearly 140,000 square feet of meeting space, a full-service spa, five curated food and beverage outlets, an outdoor resort-style pool deck on the seventh floor and a pedestrian walkway providing direct access to the Austin Convention Center. Located at 101 Red River St., the property is within walking distance to the city’s pr

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