Claremont Companies Refinances Hotel At 181 Varick Street With $56.5 Million Loan From City National Bank

The asset involved in this transaction is a hotel located at 181 Varick Street in the Hudson Square area of Manhattan. The hotel has a total square footage of 52,155. Claremont Companies refinanced the Courtyard by Marriott New York Manhattan/SoHo hotel with a loan amount of $56,500,000 from City National Bank.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $56,500,000
• Loan Type: Refinance
• Lender: City National Bank
• Landlord: Patrick Carney - Claremont Companies
• Previous Debt: $35,000,000 from Thrivent
• Closing Date: May 22, 2026
• Recording Date: June 2, 2026

The refinancing was facilitated through Soho Hotel LLC, representing Claremont Companies. This transaction replaces prior debt while maintaining the hotel's operational capital.