Mori Trust Co Acquires Equinox Hotel At 35 Hudson Yards For $541 Million
35 Hudson Yards
$541,000,000
$1,104/SF
Building Size
490,000 SF
Asset Type
Hotel
Closing
Nov 17, 2025
About this deal
AI
The Equinox Hotel, located at 35 Hudson Yards in the Hudson Yards market, has been sold for $541,000,000. The property comprises approximately 490,000 square feet across floors 1–38 and achieved a price per square foot of $1,104.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $541,000,000
- Address: 35 Hudson Yards
- Market: Hudson Yards
- Asset Size: 490,000 SF
- Price per SF: $1,104
- Buyer: Mori Trust Co
- Seller: Eric Plesman - Oxford Properties Group & Jeff T. Blau - Related Cos
- Brokerage: Adam Spies, Douglas Harmon & Marcella Fasulo - Newmark
This transaction involved the sale of the Equinox Hotel portion of the property by Related Cos. and Oxford Properties to Mori Trust, a Tokyo-based company. The deal highlights the collaboration among key broker representatives working for Newmark in facilitating this significant transaction.
Players
New York Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93