Overview
Overview
Overview
Overview
Overview
Located in the heart of Nolita, Manhattan’s most historic downtown neighborhood, the Nolitan Hotel is the first luxury boutique hotel to open its doors in this authentic New York City district. The Nolitan Hotel bridges comfortably chic New York City living with intuitive service and signature touches all designed for experiencing the next level of indulgence.
Located in the heart of Nolita, Manhattan’s most historic downtown neighborhood, the Nolitan Hotel is the first luxury boutique hotel to open its doors in this authentic New York City district. The Nolitan Hotel bridges comfortably chic New York City living with intuitive service and signature touches all designed for experiencing the next level of indulgence.
Located in the heart of Nolita, Manhattan’s most historic downtown neighborhood, the Nolitan Hotel is the first luxury boutique hotel to open its doors in this authentic New York City district. The Nolitan Hotel bridges comfortably chic New York City living with intuitive service and signature touches all designed for experiencing the next level of indulgence.
Located in the heart of Nolita, Manhattan’s most historic downtown neighborhood, the Nolitan Hotel is the first luxury boutique hotel to open its doors in this authentic New York City district. The Nolitan Hotel bridges comfortably chic New York City living with intuitive service and signature touches all designed for experiencing the next level of indulgence.
Located in the heart of Nolita, Manhattan’s most historic downtown neighborhood, the Nolitan Hotel is the first luxury boutique hotel to open its doors in this authentic New York City district. The Nolitan Hotel bridges comfortably chic New York City living with intuitive service and signature touches all designed for experiencing the next level of indulgence.
Loan Type
Permanent
Loan Type
Permanent
Loan Type
Permanent
Loan Type
Permanent
Loan Type
Permanent
Loan Type
Permanent
Property Type
Retail
Property Type
Retail
Property Type
Retail
Property Type
Retail
Property Type
Retail
Property Type
Retail
Area
28,000
ft²
Area
28,000
ft²
Area
28,000
ft²
Area
28,000
ft²
Area
28,000
ft²
Area
28,000
ft²
Address
30 Kenmare Street, New York City, NY, 10012
Address
30 Kenmare Street, New York City, NY, 10012
Address
30 Kenmare Street, New York City, NY, 10012
Address
30 Kenmare Street, New York City, NY, 10012
Address
30 Kenmare Street, New York City, NY, 10012
Description
Description
Description
Description
ABS Altman Warwick arranged $29,000,000 of senior refinance proceeds on a boutique hotel in the heart of Soho, NYC. The property fell victim to the COVID pandemic, and the city of New York forced the hotel to close for over 11 months. The loan went into default and accrued note rate and default interest for years. ABS-AW worked with the client, an owner in NYC for over 40 years, to re-negotiate the payoff with the existing lender and bring in debt and equity to help pay off the existing lender. The loan allowed the client to take back control of the property and begin a plan to usher the property into its next phase of success, including capital to bring in a new F&B tenant on the ground floor and new roof deck. After years of struggling to find a path forward, ABS-AW was able to help the client begin the next phase of success.
ABS Altman Warwick arranged $29,000,000 of senior refinance proceeds on a boutique hotel in the heart of Soho, NYC. The property fell victim to the COVID pandemic, and the city of New York forced the hotel to close for over 11 months. The loan went into default and accrued note rate and default interest for years. ABS-AW worked with the client, an owner in NYC for over 40 years, to re-negotiate the payoff with the existing lender and bring in debt and equity to help pay off the existing lender. The loan allowed the client to take back control of the property and begin a plan to usher the property into its next phase of success, including capital to bring in a new F&B tenant on the ground floor and new roof deck. After years of struggling to find a path forward, ABS-AW was able to help the client begin the next phase of success.
ABS Altman Warwick arranged $29,000,000 of senior refinance proceeds on a boutique hotel in the heart of Soho, NYC. The property fell victim to the COVID pandemic, and the city of New York forced the hotel to close for over 11 months. The loan went into default and accrued note rate and default interest for years. ABS-AW worked with the client, an owner in NYC for over 40 years, to re-negotiate the payoff with the existing lender and bring in debt and equity to help pay off the existing lender. The loan allowed the client to take back control of the property and begin a plan to usher the property into its next phase of success, including capital to bring in a new F&B tenant on the ground floor and new roof deck. After years of struggling to find a path forward, ABS-AW was able to help the client begin the next phase of success.
ABS Altman Warwick arranged $29,000,000 of senior refinance proceeds on a boutique hotel in the heart of Soho, NYC. The property fell victim to the COVID pandemic, and the city of New York forced the hotel to close for over 11 months. The loan went into default and accrued note rate and default interest for years. ABS-AW worked with the client, an owner in NYC for over 40 years, to re-negotiate the payoff with the existing lender and bring in debt and equity to help pay off the existing lender. The loan allowed the client to take back control of the property and begin a plan to usher the property into its next phase of success, including capital to bring in a new F&B tenant on the ground floor and new roof deck. After years of struggling to find a path forward, ABS-AW was able to help the client begin the next phase of success.
ABS Altman Warwick arranged $29,000,000 of senior refinance proceeds on a boutique hotel in the heart of Soho, NYC. The property fell victim to the COVID pandemic, and the city of New York forced the hotel to close for over 11 months. The loan went into default and accrued note rate and default interest for years. ABS-AW worked with the client, an owner in NYC for over 40 years, to re-negotiate the payoff with the existing lender and bring in debt and equity to help pay off the existing lender. The loan allowed the client to take back control of the property and begin a plan to usher the property into its next phase of success, including capital to bring in a new F&B tenant on the ground floor and new roof deck. After years of struggling to find a path forward, ABS-AW was able to help the client begin the next phase of success.
Gallery
Gallery
Gallery
Gallery
Gallery
Soho, New York
$29,000,000
Nolitan Hotel
Nolitan Hotel
Soho, New York
$29,000,000
Nolitan Hotel
Nolitan Hotel
Soho, New York
$29,000,000
Nolitan Hotel
Nolitan Hotel
Soho, New York
$29,000,000
Nolitan Hotel
Nolitan Hotel
Soho, New York
$29,000,000
Nolitan Hotel
Nolitan Hotel
Soho, New York
$29,000,000
Nolitan Hotel
Nolitan Hotel
Soho, New York
$29,000,000
Nolitan Hotel
Nolitan Hotel
