Yellowstone Real Estate Investments Acquires Midtown Manhattan Hotel For $106M Loan Sale

Yellowstone Real Estate Investments has acquired a hotel asset located at 481 8th Avenue in Midtown Manhattan. The property was sold by M & T Bank, with the transaction facilitated by brokers Adam Spies, Adam Doneger, Douglas Harmon, Steven Schultz, and Adam Etra from Newmark. The deal, valued at $106,000,000, involved a loan sale.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $106,000,000
• Address: 481 8th Avenue
• Market: Midtown Manhattan

The acquisition of this hotel asset was made possible through the collaborative efforts of Yellowstone Real Estate Investments as the buyer and M & T Bank as the seller. The transaction was facilitated by Newmark brokers Adam Spies, Adam Doneger, Douglas Harmon, Steven Schultz, and Adam Etra. This acquisition has secured a significant loan sale, demonstrating the financial commitment and confidence of all parties involved.