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1 Wild Turkey Way

Stephen Schwarzman Lends $154 Million For Hotel Acquisition By Patrick Melton In Hamburg NJ
FINANCEDHotel

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:

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

Nick Scribani

Newmark

Broker

$55.9B

vol

198 deals

Broker
CBRE
CBREBrokerage
Patrick Melton

Patrick Melton

Landlord

$302M

vol

3 deals

Landlord

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