Affiliate Of Quadrum Global Secures $82.5M Loan For Arlo Midtown Hotel In Manhattan
351 West 38th St (Arlo Midtown Hotel)
$82,500,000
Building Size
—
Asset Type
Hotel
Closing
Mar 23, 2023
About this deal
AI
The Arlo Midtown Hotel, located at 351 West 38th St in Manhattan, has recently undergone a closed property transaction. This hotel property, boasting 489 keys, has been involved in the deal. The transaction took place on 03/23/2023.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $82,500,000
- Address: 351 West 38th St, Manhattan
- Market: Manhattan
Affinius Capital Management acted as the lender for this transaction, providing a loan amount of $82,500,000. The landlord of the Arlo Midtown Hotel is an affiliate of Quadrum Global. These key individuals and companies played a significant role in the successful completion of the deal.
Players
Terre del Reno Hotel Market Snapshot
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93