Hilton Worlwide's much-anticipated $3.5 billion CMBS hit the primary pipeline this week.

The JP Morgan, Deutsche Bank-led deal is the largest commercial mortgage backed securitization since the downturn and is part of the hotel operator's broader debt refinancing in preparation for an initial public stock offering.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.