Robert Indeglia Of Magna Hospitality Group Secures $88.5M Refinance Loan For Hotel In Midtown West

The asset involved in the transaction is a hotel located at 150 West 48th Street in the Midtown West market of Manhattan, encompassing a total square footage of 100,104. The property was refinanced with a loan amount of $88,500,000 from Wells Fargo.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $88,500,000
• Lender: Wells Fargo
• Landlord: Robert Indeglia - Magna Hospitality Group
• Previous Debt: $83,500,000 from JPMorgan Chase
• Transaction Date: 12/17/2025

The refinancing was executed by Magna Hospitality Group through its subsidiary, NY 48 LLC, marking a significant shift in the property's financing structure as it moved from JPMorgan Chase to Wells Fargo.