W Hotel, Atlanta, GA


W Hotel, Atlanta, GA

Linden Lane Structured Capital (LLSC) purchased at a discount a $15.0 mezzanine loan (last dollar – 66% of cost) on an existing 237-key hotel. The loan was repaid in full in less than 2 years. The face yield on the note was a single digit yield. Due to the discount and quick payoff, investors received a mid-teens yield. LLSC’s deep relationships with major commercial bank trading desks, hotel experience and ability to close quickly provided a significant competitive edge.


Discounted “B” piece note purchase from a major hedge fund looking to reduce their fixed income exposure.


Allow the hotel cashflow to stabilize and exit at a par price
Investment paid off in 18 months with a deal level IRR of 21%.

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