Investment Summary

YOTEL

 

Property Type         Hospitality

Location                  New York, NY

Loan Type               Mezzanine Loan

Loan Purpose         Refinancing

Closing Date           May 2017

 

Yotel is a 22-story, 713-Key “micro-pod” hotel constructed in 2012 as a part of the New York City’s west side MiMa Development. One of the first New York City hotels to invoke the “micro-pod” concept the property has an average room size of 200 SF and focuses on efficient room design, expansive common areas and new technology to create a unique traveler experience. Located three blocks west of Times Square the property is also proximate to the Broadway Theatre district and the Javits Convention Center.

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