Gencom Highgate Holdings And Argent Ventures Secure $190M Acquisition Loan For Hotel In Manhattan
300 West 44th Street
$190,000,000
Building Size
—
Asset Type
Hotel
Closing
Dec 11, 2025
AI
The property asset involved in the transaction is a hotel located at 300 West 44th Street, Manhattan. The loan amount secured for the acquisition is $190,000,000.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $190,000,000
- Lender: Monroe Capital
- Landlords: Gencom, Highgate Holdings & Argent Ventures
- Landlord's Representatives: Rob Turner, Adam Licari & Auston Ingram - Eastdil Secured
The transaction highlights key participants in the deal, including the lender Monroe Capital, which provided the acquisition loan. The landlord's representatives from Eastdil Secured played a crucial role in facilitating this transaction.
Players
New York 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93