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
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
Rochester 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93