Burnett Equity Secures $71M Bridge Loan For Midtown West Hotel

Located at 49 West 32nd Street in the Midtown West market, this hotel property spans across 330,000 square feet and features 531 keys. The property was the subject of a recent closed transaction.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $71,000,000
• Loan Type: Bridge loan

The landlord of the property is Burnett Equity, represented by Mark Beffort and Blair Humphreys. The deal was facilitated by brokers Matthew Polci, Jordan Ray, and Steven Buchwald. Additionally, Eric Michael Anton and Nelson Lee of Marcus & Millichap were involved in the transaction on the landlord's behalf.