Stephen A. Schwarzman Of Blackstone Group Secures $122 Million Refinance Loan For Kimpton Hotel Eventi
851 6th Avenue
$122,000,000
Building Size
—
Asset Type
Hotel
Closing
Jun 23, 2026
About this deal
AI
The transaction involves the Kimpton Hotel Eventi, located at 851 6th Avenue in NoMad, Manhattan. The property is classified as a hotel and encompasses a building size of 333,436 square feet. The deal was centered around a refinance loan amounting to $122 million.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $122,000,000
- Address: 851 6th Avenue
- Market: NoMad, Manhattan
- Lender: J.P. Morgan Chase
- Landlord: Stephen A. Schwarzman - Blackstone Group
- Loan Type: Refinance
Blackstone Group, through 835 6 Fb Owner LLC, successfully secured the refinancing loan from J.P. Morgan Chase, indicating a strategic financial maneuver for the asset.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93