Maverick Real Estate Partners Acquires $110M Loan For Midtown Hotel From Arbor Commercial Mortgage

The Chetrit Group, a real estate company, recently took out a $110 million acquisition loan for a hotel property located at 255 West 34th Street in Midtown. The hotel spans a total of 155,594 square feet and has 323 rooms. Maverick Real Estate Partners provided the loan to Chetrit Group, purchasing it from Arbor Commercial Mortgage.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $110,000,000
• Property Size: 155,594 SF
• Number of Rooms: 323
• Address: 255 West 34th Street
• Market: Midtown

The loan was facilitated by Maverick Real Estate Partners, a lending company. The representatives from Cushman & Wakefield, namely Adam Spies, Adam Doneger, Lauren Kaufman, and Daniel O'Brien, acted as brokers in the transaction on behalf of Chetrit Group, the owner and landlord of the property.