Barings and Aareal Capital Corp. Provide $303 Million Debt Package for Graduate by Hilton 7-Pack

(NYSE:HLT) CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings, one of the world’s largest diversified real estate investment managers, announced today it has originated a $303 million debt package in partnership with Aareal Capital Corporation to an affiliate of AJ Capital Partners. The debt package will refinance the Graduate by Hilton 7-Pack — a portfolio of seven full service, upper-scale hotels totaling 1,340 keys in university-anchored markets across the country. The loan was structured with mezzanine and sen