Cain International Secures $180 Million Loan For Hotel Acquisition At 246 Spring Street

The asset involved is a hotel located at 246 Spring Street in Soho, Manhattan. The property comprises 276 keys and is associated with a loan amount of $180,000,000 designated for acquisition purposes.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $180,000,000
• Lender: Madison Realty Capital & Newbond Holdings
• Landlord: Cain International
• Brokers: Rob Turner & Adam Licari - Eastdil Secured
• Transaction Date: 10/18/2025

Key individuals involved in the transaction include lenders Madison Realty Capital and Newbond Holdings, along with landlord Cain International. The brokers facilitating the deal are Rob Turner and Adam Licari from Eastdil Secured, who played crucial roles in negotiating the loan terms and property acquisition.