Yellowstone Real Estate Investments Refinances The Hotel @ Times Square For $44.5M

The Hotel @ Times Square, located at 59 West 46th Street in Midtown West, Manhattan, has recently undergone a refinancing transaction. The hotel property spans across approximately 100,678 square feet with a total buildable square footage of 118,500. The loan, obtained on February 28, 2023, amounted to $44,500,000 and was secured through a refinancing agreement.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $44,500,000
• Address: 59 West 46th Street
• Market: Midtown West, Manhattan
• Asset Type: Hotel
• Buildable Square Footage: 118,500
• Square Footage: 100,678

The lender responsible for providing the refinance loan is Yellowstone Real Estate Investments, represented by Tsach I. Hera. The landlord of the property is Paramdeep Singh.