Robert A. Indeglia Of Magna Hospitality Group Secures $150M Refinance Loan For Chelsea Hotel

The asset involved in this transaction is a hotel located at 140-146 West 24th Street in Chelsea, Manhattan. The property encompasses a total square footage of 172,767. The refinancing arrangement pertains to a loan amount of $150,000,000, replacing the previous debt of $101.5 million held by Apollo.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $150,000,000
• Loan Type: Refinance
• Lender: Aareal Capital Corporation
• Landlord: Robert A. Indeglia - Magna Hospitality Group

Robert A. Indeglia, representing Magna Hospitality Group, is the key individual involved in this refinancing deal. Aareal Capital Corporation serves as the lender providing the mortgage for the Chelsea hotel.