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330 West 40th Street

Deutsche Bank Provides $80,000,000 Refinance Loan To GEHR Hospitality For Manhattan Hotel
FINANCEDHotel

Deutsche Bank Provides $80,000,000 Refinance Loan To GEHR Hospitality For Manhattan Hotel

330 West 40th Street

$80,000,000

Building Size

Asset Type

Hotel

Closing

Jun 1, 2026

AI

The asset involved in this transaction is a hotel located at 330 West 40th Street in Manhattan. The loan associated with this property amounts to $80,000,000, categorized as a refinance loan.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $80,000,000
  • Lender: Deutsche Bank
  • Landlord: GEHR Hospitality
  • Broker: Beau Williams - ThirtyFourth Capital
  • Loan Type: Refinance

The transaction involves key stakeholders, including Deutsche Bank serving as the lender and GEHR Hospitality as the landlord. Beau Williams from ThirtyFourth Capital represents the broker in this deal.

Players

Beau Williams

ThirtyFourth Capital

Broker

$386.4M

vol

6 deals

Broker
Deutsche Bank
Deutsche BankLender

New York Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93