Updated Nov 5, 2026
Elliott Kunstlinger Of Larome Hospitality Group Secures $31 Million Refinance Loan For Hotel
690 Us Route 46
$31,000,000
$258/SF
Building Size
120,000 SF
Asset Type
Hotel
Closing
Oct 26, 2026
About this deal
AI
The property asset involved in this transaction is a hotel located at 690 US Route 46 in the Fairfield market. It comprises approximately 120,000 square feet and includes 204 keys. The loan amount secured for this property is $31,000,000 and is categorized as a refinance.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $31,000,000
- Address: 690 US Route 46
- Market: Fairfield
- Asset Size: 120,000 SF
- Keys: 204
- Borrower: Elliott Kunstlinger - Larome Hospitality Group
- Brokers: Leah Paskus & Pinchas Vogel - Landstone Capital Group
- Loan Type: Refinance
The key individuals involved in this transaction include Elliott Kunstlinger, representing Larome Hospitality Group, who is the borrower for the refinance loan. The brokers for this deal are Leah Paskus and Pinchas Vogel, representing Landstone Capital Group, facilitating the transaction.
On the Map
$31,000,000
$258/SF
Hotel
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Players
Fairfield 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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93