FINANCEDHotel
Alduwaliya Asset Management signs $100M refi with Citibank for hotel in Garment District
312 West 37th Street
$100,000,000
$835/SF
Building Size
119,685 SF
Asset Type
Hotel
Closing
Jun 30, 2026
About this deal
AI
No summary available.
On the Map
$100,000,000
$835/SF
Hotel
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Players
CitibankLender
AM
Alduwaliya Asset ManagementLandlord
West Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93