Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 205

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 205
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 generators, including the Dallas Love Field and several medical facilities in the Dallas Medical District. The 240-room hotel is also within walking distance to the Dallas Market Center and one of the largest convention hotels in the southwest United States, the Hilton Anatole. The Dallas Hilton Garden Inn is wholly-owned by NHT. NHT currently has approximately $18 million of debt owing on the Dallas property, which matures on March 8, 2025, with a 3.45% interest rate and 30-year amortization. NHT is planning to start approximately $4.7 million of total renovations to the public spaces of the Dallas property in the first quarter of 2025.

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St. Petersburg Marriott

The St. Petersburg Marriott is an upper upscale, full-service hotel that was originally constructed in 2001. The 209-room hotel is located less than a mile from Raymond James Ltd., one of the largest employers in the greater Tampa Bay MSA as well as a variety of corporate and leisure demand generators including Tampa International Airport and the world class beaches of Clearwater. The St. Petersburg Marriott is wholly-owned by NHT. NHT currently has approximately $28 million of debt owing on the St. Petersburg property, which matures on March 8, 2025, with a 3.45% interest rate and 30-year amortization. NHT is planning to start approximately $2.2 million of total renovations to the public spaces of the St. Petersburg property in the first quarter of 2025.

Hyatt Place Park City

The Hyatt Place Park City is an upscale, full-service hotel located near the Park City ski mountain. The 122-room hotel was originally built in 2016, and is almost exclusively focused on leisure travel given its sort distance from the base of the Park City Mountain. Park City is one of the most accessible year-round destinations in North America, located 25 miles southeast of Salt Lake City International Airport (SLC). The Hyatt Place Park City is wholly-owned by NHT. NHT currently has approximately $20 million of debt owing on the Park City property, which matures on February 5, 2025, with a 4.70% interest rate and 30-year amortization. NHT is planning to start approximately $1.8 – $3.6 million of total renovations to the guest rooms of the Park City property in the second quarter of 2026.

Bradenton Hampton Inn & Suites

The Brad