Hotels & hospitality

$91 Million Manhattan Hotel Loan

abc 123 Various, New York 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

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

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.
Last Updated Date: 13 May 2020
Tom Hall
Tom Hall
Managing Director, Capital Markets
Brett Rosenberg
Brett Rosenberg
Managing Director, Capital Markets

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Last Updated Date: 13 May 2020

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