Citi Bank Provides $65.5 Million Refinance Loan For Fairfield Inn By Marriott In Manhattan

The asset involved in this transaction is a hotel located at 538 West 58th Street in Manhattan. This property is designated as a Fairfield Inn by Marriott at Central Park, featuring a total of 224 keys. The refinancing loan for this asset totals $65,500,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $65,500,000
• Lender: Joe Dyckman & Gabe Podair - Citi Bank
• Landlord: Sam Chang - McSam Hotel Group
• Brokers: James Murad, Michael Winter, Adam Hakim, Evan Brudnicki & Alexander Korolik - Ripco
• Loan Type: Refinance

This refinancing deal was facilitated by notable brokers representing different aspects of the transaction, including James Murad and Michael Winter. The involvement of Adam Hakim, Evan Brudnicki, and Alexander Korolik from Ripco indicates a collaborative effort in navigating the refinancing process for the property owned by Sam Chang of McSam Hotel Group.