Secures $120M Refinance Loan For Lam Generation's Chelsea Hotel
112 West 25th Street
$120,000,000
$643/SF
Building Size
186,360 SF
Asset Type
Hotel
Closing
Oct 16, 2023
About this deal
AI
A hotel located at 112 West 25th Street in Chelsea, Manhattan, was recently involved in a loan transaction. The property spans approximately 186,360 square feet and belongs to Lam Generation.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $120,000,000
- Loan Type: Refinance
The loan was facilitated by Beau Williams, who represents Cronheim Hotel Capital. The loan amount was $120,000,000 and it was used for the purpose of refinancing.
The hotel loan at 112 West 25th Street in New York, New York financed for $120M in 2023. The building is 186,360 square feet, implying about 643 per square foot on the published price. Named participants on the 112 West 25th Street loan are Beau Williams. This page is the New York, New York file for the 112 West 25th Street hotel financed: pricing, party profiles, and other closed hotel comps from the same New York sit in the Market section below. Filter that New York hotel set by closing date to see what else financed near 112 West 25th Street around 2023. Published consideration for 112 West 25th Street is $120M, dated 2023. Cite this Secures $120M Refinance Loan For Lam Generation's Chelsea Hotel loan when underwriting similar hotel product around New York, New York.
Players
New York Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93