KSL Capital Partners Refinances $131.5M Debt For NYC And Brooklyn Hotels

KSL Capital Partners has refinanced $131.5 million in debt for three hotels—Hyatt Union Square New York, Hilton Garden Inn New York/Tribeca, and NU Hotel Brooklyn—in Manhattan and Brooklyn. The properties involved in the transaction are located at 134 4th Avenue and 2 York Street in Greenwich Village, Manhattan, and 85 Smith Street in Boerum Hill, Brooklyn. The total buildable square footage of the hotels is 65,283, with a total saleable floor area of 71,481.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $131,500,000
• Address: 134 4th Avenue, 2 York Street & 85 Smith Street
• Market: Greenwich Village & Tribeca, Manhattan; Boerum Hill, Brooklyn
• Buildable Square Footage: 65,283
• Saleable Floor Area: 71,481

The lenders involved in the refinancing deal are Wells Fargo, represented by John Gordon Nicol, and Citibank, represented by Jonathan Misher. The landlord for the properties is Kevin Rohnstock, who is affiliated with KSL Capital Partners.