Karim Alibhai's Gencom Secures $230 Million Loan For Thompson Central Park New York Hotel Acquisition

The property involved in this transaction is the 587-room Thompson Central Park New York hotel, located at 119 West 56th Street in the Midtown Manhattan market. The acquisition of this hotel was valued at $308 million, with a loan amount of $230 million secured for the purchase.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $308,000,000
• Loan Amount: $230,000,000
• Lender: Affinius Capital, Ramsfield Hospitality Finance & AB CarVal Investors
• Landlord: Karim Alibhai - Gencom
• Keys: 587
• Loan Type: Acquisition

The deal involved multiple lenders, specifically Affinius Capital, Ramsfield Hospitality Finance, and AB CarVal Investors, who collaborated to provide financing for the acquisition. Karim Alibhai represents the landlord in this transaction.