Richard Born Of BD Hotels Refinances Pod Hotel In Hell's Kitchen For $179.1M With Wells Fargo

The asset involved in this transaction is a hotel located at 400 West 42nd Street in Hell’s Kitchen, Manhattan. The loan for the property amounted to $179,100,000 and is a refinance loan. The loan was closed on April 16, 2026, and recorded on April 21, 2026.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $179,100,000
• Lender: Wells Fargo
• Landlord: Richard Born - BD Hotels
• Asset Management: 400 Times Square Associates LLC

Richard Born, representing BD Hotels, was involved in the refinancing of the Pod Hotel. This transaction reflects the efforts of BD Hotels to manage and potentially enhance the financial structure of their asset in the competitive Hell’s Kitchen market.