Jonathan Daniel Secures $48M Loan From Knighthead Funding For Stamford Marriott Hotel Acquisition

The asset involved in this transaction is the Stamford Marriott Hotel & Spa located at 243 Tresser Boulevard in Stamford, CT. The hotel comprises 508 units and spans an area of 3.57 acres. A loan of $48,000,000 was secured to facilitate its acquisition and renovation, which includes the partial conversion of the east tower into apartments and upgrades to the west tower, aligning it with modern Marriott standards.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $48,000,000
• Market: Stamford, CT
• Lender: Jonathan Daniel - Knighthead Funding
• Landlord: Jonathan Daniel - Clearview Hotel Capital
• Broker: Tyler Dumon - Newmark
• Units: 508
• Acres: 3.57

Key individuals in this transaction include Jonathan Daniel, who plays a significant role both as the landlord and the lender, representing Clearview Hotel Capital and Knighthead Funding respectively. Tyler Dumon from Newmark acted as the broker for this deal, facilitating the transaction.