JLL Arranges $430M Financing for Fairmont Austin

Manchester Financing Group has secured a five-year, interest-only fixed-rate SASB CMBS Loan for $430 million for Fairmont Austin, a 37-story hotel in downtown Austin. The all-mortgage financing package was used to replace a $300 million senior loan and $125 million of mezzanine debt. Goldman Sachs acted as a lead manager and sole book-runner.

JLL Capital Markets represented Manchester Financial Group in securing the loan. The JLL Capital Markets Debt Advisory team was led by Tim Wright, Aldon Cole and Olga Walsh.

Fairmont Austin spans 1.4 million square feet, standing proudly as the city’s fifth-tallest building. Developed by Manchester Financial Group, the luxury hotel first opened in 2018 and features 1,048 guestrooms and suites, nearly 140,000 square feet of meeting space, a full-service spa, five food and beverage outlets, and an outdoor resort-style pool deck on the 7th floor. Located at 101 Red River St., the property is within walking distance of Rainey Street, East Austin and two blocks from Lady Bird Lake.