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538 West 58th Street

Updated Oct 13, 2026

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

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

538 West 58th Street

$65,500,000

Building Size

—

Asset Type

Hotel

Closing

Nov 5, 2025

About this deal

AI

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:

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.

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$65,500,000

Hotel

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Players

James Murad

Ripco

Broker

$3.2B

vol

68 deals

Broker

Joe Dyckman

Citi Bank

Lender

$188.5M

vol

5 deals

Lender
Citibank
CitibankLender
Sam Chang

Sam Chang

McSam Hotel Group

Landlord

$1.7B

vol

29 deals

Landlord
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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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