Stephen Schwarzman Lends $154 Million For Hotel Acquisition By Patrick Melton In Hamburg NJ
1 Wild Turkey Way
$154,000,000
Building Size
—
Asset Type
Hotel
Closing
May 20, 2026
AI
The asset involved in this transaction is a hotel located at 1 Wild Turkey Way in Hamburg, NJ, with a total of 453 keys. The acquisition loan amount secured for this property is $154,000,000.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $154,000,000
- Lender: Stephen Schwarzman
- Landlord: Patrick Melton
- Landlord's Representatives: Jordan Roeschlaub, Nick Scribani, Tyler Dumon, Tate Keir, Adam Etra, Mark Schoenholtz, and Tom Berry - Newmark
- Loan Type: Acquisition
This deal featured key individuals including Stephen Schwarzman as the lender and Patrick Melton serving as the landlord. The representation by Newmark involved multiple brokers, highlighting a collaborative effort among Jordan Roeschlaub, Nick Scribani, Tyler Dumon, Tate Keir, Adam Etra, Mark Schoenholtz, and Tom Berry in facilitating the transaction.
Players
Market 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93