Chartres Lodging Group Acquires Hotel On West 46th Street In Manhattan From Barings For $49.5M
130 West 46th Street, New York City, New York 10036, United States
$49,500,000
Building Size
—
Asset Type
Hotel
Closing
Oct 11, 2022
About this deal
AI
The Hotel located at 130 West 46th Street in Manhattan has been sold in a recent transaction. The sale took place on October 12, 2022. The property was purchased by Chartres Lodging Group from the seller, Barings, for a total sale price of $49,500,000.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $49,500,000
- Date: October 12, 2022
- Address: 130 West 46th Street
- Market: Manhattan
Chartres Lodging Group was the buyer in this transaction, while Barings served as the seller. The deal was executed by Maki Bara & Robert D. Kline, who represented the parties involved in the transaction.
Players
New York Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93