Hospitality

$91 Million Manhattan Hotel Loan

abc 123 Various, NY United States
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Key Facts

Last Updated Date 13 May 2020

Investment Highlights

  • Jones Lang Lasalle (“JLL”) has been retained by the Seller on an exclusive basis to arrange the sale of a $91 million
  • hotel loan (the “Loan”) secured by the leasehold interest in a landmark, full-service boutique hotel and the leased
  • fee interest in an adjacent building located in New York City (the “Properties” or the “Collateral”). The note has a
  • current principal balance of $90,999,000 and was originally structured with an initial two-year term and three oneyear
  • extension options. It carries a floating rate of L + 7.54% with interest-only payments through maturity.
  • This offering provides investors with a rare opportunity to acquire a loan of scale secured by a globally renowned
  • hotel featuring a plethora of amenities along with additional prized collateral. Unrivaled name recognition is further
  • enhanced by long-term operational upside potential in the nation’s premier hospitality investment market.
Tom Hall
Tom Hall
Managing Director, Capital Markets
Brett Rosenberg
Brett Rosenberg
Managing Director, Capital Markets

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