Wells Fargo Provides $51M Loan For Magna Hospitality's Hotel At 325 West 33rd Street

The recently closed property transaction involved a hotel located at 325 West 33rd Street. The property, owned by Magna Hospitality, obtained a loan from Wells Fargo in the amount of $51,000,000. The transaction took place on January 7, 2021.

Summary of transaction details:

• Property Type: Hotel
• Loan Amount: $51,000,000
• Address: 325 West 33rd Street

The deal was facilitated by brokers from Newmark, including Mark Schoenholtz, Larry Wolfe, Jordan Roeschlaub, Dustin Stolly, Adam Etra, and Miles Spencer. Their expertise and representation were instrumental in the successful transaction. Additionally, a total of 239 keys were involved in the deal.