Bayrock Capital Secures $18M Refinance Loan For 128-Key Hotel In Long Island City

The property involved in the transaction is a hotel located at 44-29 9th Street in Long Island City. This asset encompasses a total square footage of 49,001 and includes 128 keys. The landlord of the property is Bayrock Capital, who has entered into a refinancing agreement for $18,000,000.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $18,000,000
• Square Footage: 49,001
• Address: 44-29 9th Street
• Market: Long Island City
• Keys: 128
• Landlord: Bayrock Capital
• Landlord's Rep: Anudeep Gosal - Besen Partners
• Loan Type: Refinance

Besen Hotel Advisory Group is actively involved in the financing processes for New York City hotels, providing capital markets solutions, acquisitions, dispositions, and strategic advisory services across the hospitality sector. Anudeep Gosal from Besen Partners represents Bayrock Capital in this refinancing transaction.