Daily limit: 0/10
Deutsche Bank Provides $120M Loan For Midtown Manhattan's Grayson Hotel
FINANCED
$120,000,000
New York
See Similar DealsHotel
Financed 08/11/2023
FINANCED
Deutsche Bank Provides $120M Loan For Midtown Manhattan's Grayson Hotel
30 W 39th St, New York, NY 10018, United States
See Similar DealsHotel
Financed 08/11/2023
Summary
NEW YORK
Asset Type:Hotel
Transaction Type:Loan
The Grayson Hotel, located at 30 West 39th St in Midtown Manhattan, has secured a $120 million loan from Deutsche Bank. This 296-room hotel, owned by Fortuna Realty and Kalimian Equities, will benefit from the financial support provided by the loan.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $120,000,000
- Address: 30 West 39th St, New York, NY
- Market: Midtown Manhattan
- Number of Keys: 296
- Lender: Deutsche Bank
- Landlord: Fortuna Realty & Kalimian Equities
Deutsche Bank's provision of a $120 million loan allows the Grayson Hotel to continue operating and investing in its business. This financial support will assist the hotel in maintaining its services and amenities, ensuring a comfortable and enjoyable experience for its guests.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$120,000,000.00
Monthly NOI$800,000.00
Monthly Debt Service$758,481.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions