Giampietro Baudo Of Generation Essentials Group Acquires Hotel In Tribeca For $69M
39 6th Avenue
Building Size
—
Asset Type
Hotel
Closing
Mar 11, 2026
About this deal
AI
The asset involved in this transaction is a hotel located at 39 6th Avenue in the Tribeca market. The hotel consists of 151 keys and was sold for $69,000,000.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $69,000,000
- Buyer: Giampietro Baudo - Generation Essentials Group
- Seller: Neil H. Shah - Hersha Hospitality Trust & Eric Resnick - KSL Capital Partners
- Advising Company: Eastdil Secured
The transaction included the acquisition of the Hilton Garden Inn by Generation Essentials Group from Hersha Hospitality Trust and KSL Capital Partners. The sale was completed on 03/11/2026.
On the Map
Hotel
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Players
New York Hotel Market Snapshot
Boundary boundary · Hotel · All transaction types transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93