Zaki El Guiziri Of Constellation Hotels Holding Limited Secures $230M Loan For InterContinental New York Barclay

The asset involved in this transaction is a hotel located at 111 East 48th Street, situated in the Midtown East market of Manhattan. This property encompasses a total square footage of 443,607. The transaction features a loan amount of $230,000,000, which is secured by the InterContinental New York Barclay.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $230,000,000
• Address: 111 East 48th Street
• Market: Midtown East, Manhattan
• Lender: National Bank
• Landlord: Zaki El Guiziri - Constellation Hotels Holding Limited & InterContinental Hotels Group

The deal involves Constellation Hotels Holding Limited and InterContinental Hotels Group, through 111 East 48th Street Holdings LLC, amending a prior loan agreement with the lender National Bank. This transaction replaces the previous lender, National Bank of Kuwait.