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Davidson Kempner Capital Management Secures $150M Loan For Hotel At 214 East 42nd Street, Grand Central, Manhattan

Property Image
FINANCED
$150,000,000

New York

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Hotel517,158 SF
Financed 08/09/2023
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Property Image
FINANCED

Davidson Kempner Capital Management Secures $150M Loan For Hotel At 214 East 42nd Street, Grand Central, Manhattan

214 East 42nd Street

See Similar Deals
Hotel517,158 SF
Financed 08/09/2023
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Hotel
Price Per Square Foot:$290
Total Square Footage:517,158 SF
Transaction Type:Loan

The hotel building located at 214 East 42nd Street in Grand Central, Manhattan, has secured a $150 million loan from Apollo Global Management. The loan transaction was facilitated by Athene Annuity And Life Company. The hotel spans a total area of 517,158 square feet.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $150,000,000
  • Address: 214 East 42nd Street, Grand Central, Manhattan
  • Market: Grand Central, Manhattan
  • Lender: Apollo Global Management
  • Landlord: Davidson Kempner Capital Management - Anthony Yoseloff & Eric Epstein

Davidson Kempner Capital Management, represented by Dk Wgc Fee Owner LLC, successfully secured the loan from Apollo Global Management for the hotel building at 214 East 42nd Street. The deal was facilitated by Athene Annuity And Life Company. Anthony Yoseloff and Eric Epstein acted as representatives for Davidson Kempner Capital Management in the transaction.

Players

Apollo Bank
Apollo Bank
LENDER
Apollo Global
Apollo Global
LENDER
DM
Davidson Kempner Capital Management
LANDLORD
DM
Davidson Kempner Capital Management
LANDLORD

Details

FINANCED
IMAGE: Anthony Yoseloff & Eric Epstein DATE: 08/09/2023 ADDRESS: 214 East 42nd Street MARKET: Grand Central, Manhattan ASSET TYPE: Hotel ~ SF: 517,158 LENDER: Apollo Global Management LANDLORD: Davidson Kempner Capital Management - Anthony Yoseloff & Eric Epstein LOAN AMOUNT: $150,000,000 NOTE: Davidson Kempner Capital Management, represented by Dk Wgc Fee Owner LLC, has secured a $150 million loan from Apollo Global Management, facilitated by Athene Annuity And Life Company, for the hotel building at 214 East 42nd Street in Grand Central, Manhattan.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$150,000,000.00

Monthly NOI$1,000,000.00
Monthly Debt Service$948,102.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00