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Mori Trust Co Acquires Equinox Hotel At 35 Hudson Yards For $541 Million

Property Image
SOLD
$541,000,000
Marcella Fasulo
Douglas (Doug) Harmon
Adam Spies

New York

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Hotel490,000 SF
Sold 11/17/2025
the dealplayerscompscontact
Property Image
SOLD

Mori Trust Co Acquires Equinox Hotel At 35 Hudson Yards For $541 Million

35 Hudson Yards

See Similar Deals
Hotel490,000 SF
Sold 11/17/2025
Marcella Fasulo
Douglas (Doug) Harmon
Adam Spies
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Hotel
Price Per Square Foot:$1,104
Total Square Footage:490,000 SF
Transaction Type:Sale

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:

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

Adam Spies
Newmark
Adam Spies
260 deals$71.4B volume(212) 841-7500
BROKER
Douglas (Doug) Harmon
Newmark
Douglas Harmon
128 deals$47.3B volume
BROKER
Marcella Fasulo
Newmark
Marcella Fasulo
93 deals$25.7B volume
BROKER
MC
Mori Trust Co
BUYER
Oxford Properties Group
Oxford Properties Group
SELLER
R
RelatedCos
SELLER
Bank OZK
Bank OZK
LENDER

Details

SOLD
IMAGE: Eric Plesman, Jeff T. Blau, Adam Spies, Douglas Harmon & Marcella Fasulo DATE: 11/17/2025 ADDRESS: 35 Hudson Yards MARKET: Hudson Yards ASSET TYPE: Hotel (Equinox Hotel) BUYER: Mori Trust Co SELLER: Eric Plesman - Oxford Properties Group (@OxfordPropGroup) & Jeff T. Blau - Related Cos (@RelatedCos) BROKERS: Adam Spies, Douglas Harmon & Marcella Fasulo (@MMFasulo) - Newmark SALE PRICE: $541,000,000 SF: 490,000 ~ PPSF: $1,104 NOTE: Related Cos. and Oxford Properties sold the Equinox Hotel portion of 35 Hudson Yards — 490K SF across floors 1–38 — to Tokyo-based Mori Trust for $541M.

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$1,922,058.74
Cash-on-Cash Return-1.27%
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