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Ian Schrager Secures $310 Million Refinance Loan For Public Hotel At 215 Chrystie Street

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FINANCED
$310,000,000
Jordan (Jordy) Roeschlaub
Nick Scribani
+ 1

New York

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FINANCED

Ian Schrager Secures $310 Million Refinance Loan For Public Hotel At 215 Chrystie Street

215 Chrystie Street

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Hotel
Financed
Jordan (Jordy) Roeschlaub
Nick Scribani
+ 1
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Summary

NEW YORK
Asset Type:Hotel
Transaction Type:Loan

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:

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

Nick Scribani
190 deals$55B volume(212) 372-2113
BROKER

Tyler Dumon
Newmark
22 deals$3.7B volume
BROKER

Jordan (Jordy) Roeschlaub
Newmark
319 deals$96B volume
BROKER

Jonathan Firestone
Newmark
38 deals$10.5B volume(310) 709-4910
BROKER

Newmark
BROKERAGE

Details

FINANCED
IMAGE: Jordan Roeschlaub, Nick Scribani, Ian Schrager, Jonathan Firestone & Tyler Dumon DATE: 12/18/2025 ADDRESS: 215 Chrystie Street MARKET: Manhattan ASSET TYPE: Hotel ~ KEYS: 367 LENDER: J.P. Morgan Chase (@JPMorgan) - Aaron Casden LANDLORD: Ian Schrager BROKERS: Jordan Roeschlaub (@JordyRoeschlaub), Jonathan Firestone, Nick Scribani (@ScribSays) & Tyler Dumon (@TylerwDumon) - Newmark (@Newmark) LOAN AMOUNT: $310,000,000 LOAN TYPE: Refinance NOTE: Ian Schrager secured a $310 million CMBS refinancing for the 367-key Public Hotel at 215 Chrystie Street, with J.P. Morgan Chase providing the loan and Newmark brokering the deal.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$310,000,000.00

Monthly NOI$2,066,666.67
Monthly Debt Service$1,959,410.87
Change in Cash Flow$0.00
Refinance Proceeds$0.00