Sonesta International Hotels reported that it has refinanced the mortgage loan on its Royal Sonesta Hotel Boston. A $32M loan from RBS Citizens National Association replaced a loan of approximately the same amount that was due to mature in July. The 6.4% fixed interest rate on the RBS Citizens loan will result in approximately $700,000 per year in interest savings for the company. The new loan will mature in March 2015. :theflyonthewall.com
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