Gencom, Argent Financial Group & Highgate Acquire Hotel From Metlife & Tishman Speyer For $228M
300 West 44th Street
$228,000,000
Building Size
—
Asset Type
Hotel
Closing
Jan 6, 2026
About this deal
AI
The asset involved in this transaction is a hotel located at 300 West 44th Street in Manhattan. The sale price for this property was $228,000,000, and it encompasses 607 keys with a price per key of $375,617.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $228,000,000
- Buyer: Gencom, Argent Financial Group & Highgate
- Seller: Metlife & Tishman Speyer
- Advisors: Jeff Davis, Scott Ellman, Alyssa Kidd & Natasha Balkovic - Eastdil Secured
Key individuals behind the deal include the advisors from Eastdil Secured, namely Jeff Davis, Scott Ellman, Alyssa Kidd, and Natasha Balkovic, who facilitated the transaction between the buyer consortium and the sellers.
On the Map
$228,000,000
Hotel
View full map
Players
New York Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Deal FAQ
Browse New York hotel sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93