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200 Independence Drive

Updated May 11, 2026

Ensemble Investments Secures $110 Million Refinance For Hotel Nia In Menlo Park CA
FINANCEDHotel

Ensemble Investments Secures $110 Million Refinance For Hotel Nia In Menlo Park CA

200 Independence Drive

$110,000,000

Building Size

—

Asset Type

Hotel

Closing

May 8, 2026

About this deal

AI

The asset involved in this transaction is Hotel NIA, a 250-room Marriott Autograph Collection hotel located at 200 Independence Drive in Menlo Park, CA. The property received a refinance loan amounting to $110,000,000, facilitating its financial operations and future management strategies.

Summary of transaction details:

The refinancing was secured by Ensemble Investments, which is preparing to shift hotel operations to its management platform, Ensemble Hospitality. The loan originated from Madison Realty Capital in collaboration with Newfound Holdings, reflecting a strategic approach to enhance operational control and efficiency.

On the Map

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$110,000,000

Hotel

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Players

Josh Zegen

Madison Realty Capital

Lender

$7.4B

vol

55 deals

Lender
NH
Newfound HoldingsLender
Michael Moskowitz

Michael Moskowitz

Ensemble Real Estate Investments

Landlord

$375M

vol

3 deals

Landlord
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Independence Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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