Magna Hospitality Group Secures $150 Million Refinance Loan For Hyatt Hotel In Manhattan

The asset involved in this transaction is a hotel located at 350 West 39th Street in the Garment District of Manhattan. The property is part of the Hyatt brand and was refinanced for a total amount of $150 million.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $150,000,000
• Address: 350 West 39th Street
• Market: Garment District, Manhattan
• Lender: Mike Acierno & Kirk Adamson - KSL Capital Partners
• Landlord: Robert A Indeglia Jr - Magna Hospitality Group
• Loan Type: Refinance

This refinancing was secured by Magna Hospitality Group through its subsidiary, NY 39th Street LLC, highlighting the collaboration between the company and KSL Capital Partners in this financial arrangement.