Colony Resorts gets $209 million term loan

By Sara Rosenberg

New York, May 22 - Colony Resorts LVH Acquisitions LLC closed on a new $209 million two-year term loan that has three one-year extensions, according to an 8-K filed with the Securities and Exchange Commission Monday.

Goldman Sachs Commercial Mortgage Capital LP provided the financing.

Interest on the loan, which closed May 11, is Libor plus 290 basis points.

Security is a first-priority deed of trust on the Las Vegas Hilton.

Proceeds of the were used to pay in full the existing term loan, dated as of June 18, 2004, from Goldman Sachs Commercial Mortgage.

Colony Resorts is a Las Vegas-based operator of the Las Vegas Hilton hotel/casino.

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