Kensico Properties Refinances Lowell Hotel In Manhattan With $106 Million Loan From Blue Owl Capital

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.