James Risoleo Of Host Hotels & Resorts Acquires Hotel Interest In Brooklyn For $202M
60 Furman Street & 6007 Legacy Drive
$202,000,000
Building Size
—
Asset Type
Hotel
Closing
Nov 4, 2026
About this deal
AI
The asset involved in this transaction is the 1 Hotel Brooklyn Bridge located at 60 Furman Street in Brooklyn. The hotel consists of 195 keys and was sold for $202 million, resulting in a price per key of $1,035,897. This acquisition expands the buyer's luxury hotel portfolio in New York.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $202,000,000
- Address: 60 Furman Street
- Market: Brooklyn
- Keys: 195
- Price Per Key: $1,035,897
- Buyer: James Risoleo
- Company: Host Hotels & Resorts
The transaction involved James Risoleo representing Host Hotels & Resorts as the buyer of the leasehold interest in the hotel. This acquisition directly enhances Host Hotels & Resorts' presence in the New York luxury hotel market.
On the Map
$202,000,000
Hotel
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Brooklyn 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93