Anthony Rutledge Of HEI Hotels & Resorts Secures $240M Refinance From Smith Hill Capital For Hotel
214 East 42nd Street
$240,000,000
$464/SF
Building Size
517,158 SF
Asset Type
Hotel
Closing
Sep 26, 2025
About this deal
AI
The asset involved in this transaction is a hotel located at 214 East 42nd Street in Murray Hill, Manhattan. The property encompasses 517,158 square feet and is a notable hotel in the area.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $240,000,000
- Lender: Smith Hill Capital
- Landlord: Anthony Rutledge - HEI Hotels & Resorts
- Loan Type: Refinance
This transaction involved HEI Hotels & Resorts securing a refinance agreement with Smith Hill Capital specifically for the Westin New York Grand Central. The closing date of this transaction was noted as September 26, 2025.
On the Map
$240,000,000
$464/SF
Hotel
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93