The Marriott LAX — a 1,004-key, 18-story airport hotel adjacent to Los Angeles International — came under contract to a sponsor seeking both acquisition capital and funding for a property improvement program. Airport-adjacent hospitality is a specialized underwriting category, and the transaction required a lender comfortable with the asset, the market, and the operator.
The sponsor engaged Bauta Capital Advisory already under contract, with a 45-day close requirement and the need to structure acquisition proceeds plus a PIP reserve in a single facility. Hospitality underwriting at this size demands lenders with conviction in the flag, the market, and the management plan — and speed to execute without losing certainty.
We ran a focused process with hospitality-specialist lenders, structured the facility to cover both the purchase price and the improvement budget, and locked in a fixed rate. The deal closed in 40 days — five days ahead of the contract deadline — with clean execution on diligence, legal, and funding.