KSL Capital Partners Secures $253.46 Million Refinancing For Two Manhattan Hotels

The asset involved in this transaction is a hotel located at 134 4th Avenue & 206 East 52nd Street in the Greenwich Village market of Manhattan. The loan amount secured for refinancing is $253,460,000, supporting two hotels: the Hyatt Union Square New York and the Hilton Garden Inn New York/Manhattan-Midtown East.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $253,460,000
• Lender: Wells Fargo & Deutsche Bank
• Landlord: Eric Resnick - KSL Capital Partners
• Loan Type: Refinance

KSL Capital Partners successfully secured refinancing through two respective loans, which are $134.1 million for the Hyatt Union Square New York and $119.4 million for the Hilton Garden Inn New York/Manhattan-Midtown East. This transaction reflects a strategic financial maneuver in the hotel sector within Manhattan.