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Deutsche Bank Provides $173.3M Loan For Lower East Side Hotel At 215 Chrystie St

215 Chrystie Street @PublicHotels
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This Hotel property located in NY received a loan of $173,250,000 about 5 years ago. The broker of the deal was Dustin Stolly

Deutsche Bank has provided a loan of $173,250,000 for the hotel located at 215 Chrystie St in Lower East Side. The property is a hotel with 370 rooms and is owned by The Witkoff Group and Ian Schrager. The transaction took place on 03/29/2019. The asset is known as PublicHotels.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $173,250,000
  • Address: 215 Chrystie St
  • Market: Lower East Side
  • Lender: Deutsche Bank
  • Landlord: The Witkoff Group & Ian Schrager
  • Brokers: Jordan Roeschlaub & Dustin Stolly

Jordan Roeschlaub and Dustin Stolly, from newmarkkf, represented the parties involved in the transaction alongside Christian Sewing, the CEO of Deutsche Bank. The loan provides financial support to The Witkoff Group and Ian Schrager, the landlords of the property at 215 Chrystie St.

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Deals
  • Location
    215 Chrystie Street, New York, NY 10002, USA215 Chrystie Street, New York, NY 10002, USA
  • Loan Value
    $173,250,000$173,250,000
  • Asset Type
    HotelHotel
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Dustin Stolly

Dustin Stolly

Deals218
Financed$37.6B

Agency

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

Deutsche Bank

Deutsche Bank

Lender
Deals117
Volume$ 2.7T

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Deal Summary

LOAN IMAGE: Christian Sewing, Jordan Roeschlaub, Steven Witkoff, Dustin Stolly & @IanSchrager DATE: 03/29/2019 ADDRESS: 215 Chrystie St @PublicHotels MARKET: Lower East Side ASSET TYPE: Hotel LENDER: Deutsche Bank LANDLORD: The Witkoff Group & @IanSchrager BROKERS: Jordan Roeschlaub & Dustin Stolly @newmarkkf LOAN AMOUNT: $173,250,000 ROOMS: 370

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215 Chrystie Street @PublicHotels

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