Moin Development Acquires Hotel On Park Avenue South For $135M

The property involved in this transaction is located at 444 Park Avenue South in the NoMad market. It is a hotel with a total square footage of 120,400. The transaction was closed on 12/02/2019. The loan amount provided by Keybank and Fidelis was $135,000,000. The hotel consists of 190 units.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $135,000,000
• Address: 444 Park Avenue South
• Market: NoMad
• Lender: Keybank & Fidelis
• Landlord: David Moinian @AlexMoinian – Moin Development
• Brokers: @JonnyAhgravi & Charles Han
• Square Footage: 120,400
• Units: 190

The deal's key individuals include David Moinian from Moin Development, who is the landlord of the property. The brokers involved in the transaction were Jonny Ahgravi and Charles Han. They represented the parties in the deal, facilitating the transaction.