Edward Thomas Hospitality Corp Secures $400M Refinance Loan In Santa Monica
FINANCED
$400,000,000
+ 2
California
See Similar DealsHotel613,118 SF
Financed 07/08/2024
FINANCED
Edward Thomas Hospitality Corp Secures $400M Refinance Loan In Santa Monica
1 Pico Boulevard & 1910 Ocean Way
See Similar DealsHotel613,118 SF
Financed 07/08/2024
+ 2
Summary
CALIFORNIA
Asset Type:Hotel
Price Per Square Foot:$652
Total Square Footage:613,118 SF
Transaction Type:Loan
The hotel located at 1 Pico Boulevard & 1910 Ocean Way in Santa Monica spans 306,559 square feet and consists of 327 keys. The property was refinanced for $400,000,000.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: $400,000,000
- Landlord: Edward Slatkin & Thomas Slatkin - Edward Thomas Hospitality Corp
- Lender: Jane Fraser, CEO - Citi
- Brokers: Jonathan Firestone, Jordan Roeschlaub, Nick Scribani, Tyler Dumon, & Blake Thompson - Newmark
The loan amount of $400,000,000 was provided by Jane Fraser, the CEO of Citi. The property is owned by Edward Slatkin & Thomas Slatkin under Edward Thomas Hospitality Corp, with brokerage services facilitated by Jonathan Firestone, Jordan Roeschlaub, Nick Scribani, Tyler Dumon, and Blake Thompson from Newmark.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$400,000,000.00
Monthly NOI$2,666,666.67
Monthly Debt Service$2,528,272.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions