Goldman Sachs’s Whitehall Real Estate Funds has secured $1.42 billion of debt refinancing for its Tharaldson hotel portfolio, The Wall Street Journal reports. Abu Dhabi Investment Authority, the investment unit of the UAE capital city, will provide $475 million to the portfolio.

As per the deal, the sovereign-wealth fund will obtain a preferred equity stake in return of the investment. Deutsche Bank will refinance a $975 million loan. The additional $30 million will cover closing costs and other expenses.

Click here for the story from The Wall Street Journal.