Located in Manhattan’s Financial District, the 287-room, luxury lifestyle hotel is affiliated with the Hyatt Thompson brand. The hotel was transformed by GFI from the historic Temple Court building and features a nine-story atrium lobby and food and beverage offerings from restauranteurs Tom Colicchio and Daniel Boulud.
“The APF team was a pleasure to work with, communicative, responsive and able to hit the timelines the transaction required,” said Stan Spiegelman, CIO, GFI. “Our existing relationship, along with the direct communication and collaboration in the process, allowed us to come to terms quickly and remove any doubt around execution risk.”
“This financing highlights Access Point’s ability to move decisively on hospitality transactions and portfolios of any size and chain scale, from luxury to midscale extended-stay and everything in between,” said Michael I. Lipson, CEO/chairman, APF. “In this capital markets environment, we work tirelessly with owners to provide actionable capital solutions tailored to each situation.”
James Reivitis, chief development officer, APF, added, “This demonstrates both our range of capital solutions and our commitment to being a reliable and trusted counterparty. Our platform delivers the flexibility and capacity to provide single-asset and portfolio bridge loans, as well as construction, permanent, mezzanine loans and preferred equity. Our goal is to be top-of-mind for anyone requiring hospitality capital solutions.”
Eastdil acted as an advisor to the sponsor.
Tags: Access Point Financial (APF), Daniel Boulud, Eastdil, GFI, James Reivitis, Michael I. Lipson, Stan Spiegelman, The Beekman A Thompson Hotel, Tom Colicchio
