James R. Parks Of APW Avenue Group Secures $145 Million Refinance For Fouquet’s New York Hotel

The asset involved in this transaction is the Fouquet’s New York, a luxury hotel located at 456 Greenwich Street in Tribeca. The hotel comprises 97 rooms and was subject to a refinancing agreement. The total loan amount for this refinancing is $145,000,000, which ensures long-term financial stability for the property.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $145,000,000
• Lender: Goldman Sachs
• Landlord: James R. Parks - APW Avenue Group & CBCS Washington Street LP
• Loan Type: Refinance

James R. Parks, leading APW Avenue Group, played a critical role in facilitating the refinancing of Fouquet’s New York with the lender, Goldman Sachs. The transaction highlights the partnership between APW Avenue Group and CBCS Washington Street LP in managing the property and securing its financial future.