John Lam's Lam Group Refinances Sheraton Brooklyn New York Hotel For $85M

The Sheraton Brooklyn New York hotel building, located at 222-228 Duffield Street in Downtown Brooklyn, with a total square footage of 173,000 square feet, was involved in a refinancing deal. The loan amount for this transaction was $85,000,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $85,000,000
• Market: Downtown Brooklyn
• Lender: Daniel Penn & Matt Smith - Deutsche Bank
• Landlord: John Lam - Lam Group
• Loan Type: Refinance

Lam Group, represented by Dumbo Hotel LLC, secured an $85 million refinance loan with Deutsche Bank for the Sheraton Brooklyn New York hotel building. Daniel Penn and Matt Smith from Deutsche Bank were the lenders involved in this transaction.