Minneapolis, MN | Cleveland, OH $50,000,000 Hospitality Portfolio Senior Mortgage Participation Interest (A-Note)

Knighthead acquired a $50mm senior participation interest (A-Note) in a $102.2mm First Mortgage loan.  The loan is secured by 3 hotels containing 834 keys in Minneapolis, MN and Cleveland, OH. The senior participation was underwritten to an ~30% LTV of Appraised Value.