Paramount Hotel In Manhattan Refinanced For $140M By Aby Rosen With Lender James Henry

The Paramount Hotel, located at 235 West 46th Street in Manhattan, has recently been refinanced for an amount of $140,000,000. The property, a hotel owned by developer Aby Rosen, has attracted the attention of lender Aareal Capital Corporation, who provided the refinancing for the transaction. The deal was facilitated by brokers Aaron Appel and Michael Diaz from JLL.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $140,000,000
• Address: 235 West 46th Street
• City: New York
• Market: Manhattan

The involvement of Aby Rosen as the developer and landlord, along with the lender James Henry from Aareal Capital Corporation, demonstrates the significance of this refinancing agreement. The hotel, originally purchased by RFR in 2011 for $275 million, has now secured a substantial refinancing deal.