Cleary Gottlieb represented Goldman Sachs Mortgage Company in its $130 million mortgage loan to affiliates of Lodgian, Inc. A portfolio of ten hotels in eight states, each operated under franchises with Hilton, Intercontinental, Marriott and Radisson, secures the floating rate loan, which funded in two draws on April 12 and April 26.
Goldman Sachs Mortgage Company is the commercial mortgage lending affiliate of Goldman Sachs & Co. Lodgian is the independent owner and operator of over 70 full-service hotels.