Kensico Properties Refinances Lowell Hotel In Manhattan With $106 Million Loan From Blue Owl Capital
28 East 63rd Street
$106,000,000
$1,520/SF
Building Size
69,725 SF
Asset Type
Hotel
Closing
Jul 2, 2026
About this deal
AI
The property asset involved in this transaction is the Lowell Hotel located at 28 East 63rd Street in Lenox Hill, Manhattan. It encompasses a total square footage of 69,725. The asset has been refinanced with a loan amount of $106 million from Blue Owl Capital, which replaces the existing debt held with Bank of America.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $106,000,000
- Lender: Blue Owl Capital
- Landlord: Nabil Chartouni
- Managing Company: Kensico Properties
- Previous Lender: Bank of America
This refinancing transaction is significant as it involved Nabil Chartouni, representing Kensico Properties, in securing the loan. The transaction indicates a strategic move to restructure the existing financial obligations of the Lowell Hotel property.
On the Map
$106,000,000
$1,520/SF
Hotel
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Esto 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93