Hilton Garden Inn W 54th Street
A hotel property in New York, New York. Securitized in 1 CMBS deal in 2015.
$251.0MAppraised value (latest deal)
94.6%Occupancy
$18.1MUnderwritten NOI
7.2%Implied cap rate
- Address
- 237 West 54th Street, New York, NY 10019
- Property type
- Hotel · Select Service
- Year built
- 2013
- Size
- 401 Rooms
- Sponsor
- Joseph Moinian; Morad Ghadamian
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| MSBAM 2015-C23 | 2015-06-18 | $251.0M | 94.6% | $18.1M | 7.2% | $40.0M | 61.8% | 424B |
Historical NOI reported in MSBAM 2015-C23
| Period ending | NOI |
|---|---|
| 2/28/2015 TTM | $16.9M |
| 12/31/2014 | $16.6M |
More CMBS properties in New York →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.