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300 West 44th Street

Gencom Highgate Holdings And Argent Ventures Secure $190M Acquisition Loan For Hotel In Manhattan
FINANCEDHotel

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

Rob Turner

Eastdil Secured

Broker

$12.1B

vol

30 deals

Broker
Eastdil Secured
Eastdil SecuredBrokerage

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