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590 West Peachtree Street N...

Kevin Vaughan And Matthew Weinstein Secure $67.5M Loan For Atlanta Hotel Acquisition
FINANCEDHotel

Kevin Vaughan And Matthew Weinstein Secure $67.5M Loan For Atlanta Hotel Acquisition

590 West Peachtree Street Northwest

$67,500,000

$313/SF

Building Size

215,147 SF

Asset Type

Hotel

Closing

Sep 30, 2025

AI

The property asset involved in this transaction is a hotel located at 590 West Peachtree Street Northwest in Atlanta, GA. The hotel comprises 215,147 square feet and offers a total of 462 keys. The acquisition loan amount for this property is $67,500,000.

Summary of transaction details:

This transaction features key individuals such as Mark Moskowitz representing the lending side, and the landlords Kevin Vaughan and Matthew Weinstein overseeing the ownership interests. The landlord's representation is completed by a team from Newmark, which includes Jordan Roeschlaub, Nick Scribani, Tyler Dumon, Holden Witkoff, and Nina Russo, highlighting the collaboration between these professionals in facilitating the deal.

Players

Nick Scribani

Newmark

Broker

$55.9B

vol

198 deals

Broker
Newmark
NewmarkBrokerage
University Place Asset Management
University Place Asset ManagementLender
Axonic Capital
Axonic CapitalLandlord

Atlanta 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

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93