Cottonwood Group, Hana Provide $102M Loan for Refinancing of Houston Hotel

Intercontinental Houston-Medical Center totals 354 rooms. The property opened in March.

HOUSTON — Los Angeles-based Cottonwood Group and Hana Alternative Asset Management have provided a $102 million loan for the refinancing of Intercontinental Houston-Medical Center, a 354-room hotel in Houston. The 22-story luxury hotel opened in March and features food and beverage offerings, a lobby bar, outdoor pool, fitness center, workstations and more than 11,000 square feet of meeting and ballroom space. The borrower was Texas-based developer Medistar Corp.

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