Eric Resnick Of KSL Capital Partners And Ashish Parikh Of Hersha Hospitality Refinance Hilton Garden Inn Tribeca For $58.6M

The asset involved in this transaction is the Hilton Garden Inn Tribeca, located at 39 6th Avenue, Tribeca, Manhattan. The hotel has a total building square footage of 65,283 and a base square footage of 71,487.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $58,600,000
• Lender: Wells Fargo & Citibank
• Landlord: Eric Resnick - KSL Capital Partners & Ashish Parikh - Hersha Hospitality
• Loan Type: Refinance

This refinancing transaction was facilitated by KSL Capital Partners and involved Eric Resnick and Ashish Parikh representing their respective firms in the deal. The loan structure was put in place to enhance the company's financial position with respect to the hotel asset.