JW Marriott Grande Lakes, OrlandoBlackstone Group (NYSE:BX) affiliates have completed three more major property refinancings in the commercial mortgage backed securities markets in recent weeks.

The CMBS trust balances total more than $3.33 billion with all but $700 million of the loan proceeds being used to refinance hotel properties.

Blackstone’s refinancing activity has been a huge driver of single-borrower CMBS issuance this year. According…

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