Ian Schrager Secures $310 Million Refinance Loan For Public Hotel At 215 Chrystie Street
215 Chrystie Street
$310,000,000
Building Size
—
Asset Type
Hotel
Closing
Dec 18, 2025
AI
The property involved in this transaction is the Public Hotel located at 215 Chrystie Street in Manhattan. This hotel features 367 keys and has undergone a refinancing transaction amounting to $310 million.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: $310,000,000
- Address: 215 Chrystie Street
- Market: Manhattan
- Asset Keys: 367
- Lender: J.P. Morgan Chase
- Landlord: Ian Schrager
- Brokers: Jordan Roeschlaub, Jonathan Firestone, Nick Scribani & Tyler Dumon - Newmark
- Loan Type: Refinance
The key individuals involved in the deal include Ian Schrager, who acted as the landlord, and J.P. Morgan Chase, which provided the funding for the refinancing. The brokerage firm Newmark played a central role in facilitating the transaction, represented by Jordan Roeschlaub, Jonathan Firestone, Nick Scribani, and Tyler Dumon.
Players
New York Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93