Industrial And Commercial Bank Of China Provides $35M Refinance Loan For Fresh Meadows Hotel

The hotel located at 61-27 186th Street in Fresh Meadows has been refinanced with a loan from Industrial And Commercial Bank Of China. The loan amount was $35,000,000. The hotel has a total square footage of 76,367 and offers 142 keys.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $35,000,000
• Loan Type: Refinance
• Lender: Industrial And Commercial Bank Of China
• Landlord: Xiaozhuang Ge & Weihong Hu
• Address: 61-27 186th Street, Fresh Meadows
• Market: Fresh Meadows
• Total Square Footage: 76,367
• Number of Keys: 142

Xiaozhuang Ge & Weihong Hu acted as the landlord in this transaction and secured the loan from Industrial And Commercial Bank Of China for the refinancing of the hotel.