Wells Fargo Provides $51M Loan For Magna Hospitality's Hotel At 325 West 33rd Street | 325 West 33rd Street | Wells Fargo | Miles Spencer, Adam Etra, Dustin Stolly, Larry Wolfe, Mark Schoenholtz, Jordan (Jordy) Roeschlaub | Hotel | Loan

Summary

Loan

NEW YORK

Hotel

7,406 sqft

The recently closed property transaction involved a hotel located at 325 West 33rd Street. The property, owned by Magna Hospitality, obtained a loan from Wells Fargo in the amount of $51,000,000. The transaction took place on January 7, 2021.

Summary of transaction details:

Property Type: Hotel
Loan Amount: $51,000,000
Address: 325 West 33rd Street

The deal was facilitated by brokers from Newmark, including Mark Schoenholtz, Larry Wolfe, Jordan Roeschlaub, Dustin Stolly, Adam Etra, and Miles Spencer. Their expertise and representation were instrumental in the successful transaction. Additionally, a total of 239 keys were involved in the deal.

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Players

Agents
6

Agencies
1
Lenders
1

Miles Spencer

Vice Chairman, Co-Head of Lodging

Adam Etra

Vice Chairman, Co-Head

$215.5M Sold

Dustin Stolly

Co-President, Debt & Structured Finance

$5.1B Sold

Larry Wolfe

Vice Chairman, Co-Head

$1B Sold

Mark Schoenholtz

Vice Chairman, Co-Head of Lodging

$50.5M Sold

Jordan (Jordy) Roeschlaub

Co-President, Debt & Structured Finance

$4.8B Sold

Details

Deal Summary

FINANCED

IMAGE: Dustin Stolly, Jordan Roeschlaub & Larry Wolfe DATE: 01/07/2021 ADDRESS: 325 West 33rd Street ASSET TYPE: Hotel LENDER: Wells Fargo LANDLORD: Magna Hospitality BROKERS: Mark Schoenholtz, Larry Wolfe, Jordan Roeschlaub, Dustin Stolly, Adam Etra & Miles Spencer - Newmark LOAN AMOUNT: $51,000,000 KEYS: 239

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Address325 West 33rd Street

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