Goldman Sachs buys loan on Slatkin brothers’ luxe Santa Monica hotels after $280M sent to special

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The Real Deal LA reports that Goldman Sachs has taken over the loan on the Slatkin brothers' Casa del Mar and Shutters on the Beach, two high-end Santa Monica hotels, after a $280 million adjustable-rate commercial mortgage-backed securities loan moved to special servicing earlier this summer. Thomas Slatkin confirmed the transfer but kept financial terms private, and Morningstar Credit's special servicer commentary noted the development without elaborating on resolution prospects. The episode underscores how quickly debt on premium hospitality assets can shift from routine servicing to workout scenarios, even in marquee coastal markets.

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