In a sign of banks' resurgent interest in commercial real estate, Bankers Trust New York Corp. is leading a $505 million loan for Bristol Hotel Co.'s purchase of 61 Holiday Inns from Bass PLC.

Bankers Trust, with units of Wells Fargo & Co. and Banc One Corp. acting as co-agents, has agreed to provide the loan in connection with the $659 million cash and stock deal.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.