Sonesta NYC Portfolio

RHF provided an acquisition and renovation loan secured by four prestigious New York City hotels located on the east side of Manhattan. The hotels include The Benjamin Hotel, Fifty Hotel & Suites, Gardens Hotel & Suites, and the Shelburne Hotel & Suites and are comprised of 917 large rooms. The hotels were acquired by an experienced, institutional hotel investor and management company. Loan amount: $239,000,000