Al Faisal Holding Secures $270M Refinance Loan For Manhattan At Times Square Hotel From Mack Real Estate Group | 790 7th Avenue | Mack Real Estate Group | Hotel | Loan

Summary

Loan

NEW YORK

Hotel

461,591 sqft

The Manhattan at Times Square Hotel, located at 790 Seventh Avenue in Midtown West, Manhattan, has secured a $270 million refinance loan. The hotel spans over 461,591 square feet and is owned by Mohammed Abdelqader Darwish Al Ramahi of Al Faisal Holding.

Summary of transaction details:

Property Type: Hotel
Transaction Amount: $270,000,000
Address: 790 7th Avenue
Market: Midtown West, Manhattan
Owner: Mohammed Abdelqader Darwish Al Ramahi - Al Faisal Holding
Lender: Priyanka Garg - Mack Real Estate Group
Loan Type: Refinance

As part of the refinance, Al Faisal Holding's MTS NY Lessee, L.P. has secured a $270 million loan from Mack Real Estate Group's CMTG Lender 24 LLC.

Players

All
1

Lenders
1

Mack Real Estate Group

Details

Deal Summary

FINANCED

IMAGE: Mohammed Abdelqader Darwish Al Ramah DATE: 10/10/2023 ADDRESS: 790 7th Avenue MARKET: Midtown West, Manhattan ASSET TYPE: Hotel ~ SF: 461,591 LENDER: Priyanka Garg - Mack Real Estate Group LANDLORD: Mohammed Abdelqader Darwish Al Ramahi - Al Faisal Holding LOAN AMOUNT: $270,000,000 LOAN TYPE: Refinance NOTE: Al Faisal Holding's MTS NY Lessee, L.P. has secured a $270 million refinance loan for the Manhattan at Times Square Hotel, located at 790 Seventh Avenue in Midtown West, Manhattan, from Mack Real Estate Group's CMTG Lender 24 LLC.

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Address790 7th Avenue

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