BD Hotels

595 Madison Ave 36th Floor New York, NY 10022

People:

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BD Hotels portfolio

$385.1 million* – hotel 97%, walkup 1%; Manhattan 100%, Bronx 0%

169th largest portfolio by dollar value

1,059,991 sqft – hotel 98%, walkup 1%;

333th largest by SF

15 properties – Manhattan 100%, Bronx 0%

578th largest

111 residential units – Manhattan 100%, Bronx 0%

1347th largest by residential units

0 foreclosures, 0 bankruptcies, 3 other court cases.

Company Activity past 24 months:

Seller company: 1 for $20.6 million

Borrower company: 6 for $224.4 million

Top Ten Associated Companies:

Bank of America (2), Ohana Real Estate Investors (1), JK Hotel Group (1), Extell Development (1), First Republic Bank (1), Metropolitan Commercial Bank (1), Israel Discount Bank (1), Deka Immobilien (1), HERA Hospitality Property (1), Wolfgang Hotels & Resorts (1)

Top Ten Associated People:

Jessica Fritts (2), John Ginochio (1), Gary Barnett (1), Elena Liu (1), Dennis Graham (1), Jeremy Romine (1), Elena Dokianos (1), Albert Burklen (1), Michael McAuliffe (1), Daniel Schneider (1)

Recent activity as company:

BD Hotels borrowed $46 million from Bank of America for 180 Ludlow Street, Lower East Side, Manhattan on February 04, 2025.

BD Hotels borrowed $26 million from Bank of America for 88 Ninth Avenue, Chelsea, Manhattan on December 27, 2024.

BD Hotels sold 60 East 54th Street, Midtown East, Manhattan for $20.6 million to HERA Hospitality Property and Wolfgang Hotels & Resorts on February 05, 2024.

BD Hotels borrowed $45.9 million from Deka Immobilien for 141 East 39th Street, Murray Hill, Manhattan on November 03, 2023.

BD Hotels borrowed $10 million from Israel Discount Bank for 510 West 42nd Street, Hell’s Kitchen, Manhattan on September 19, 2023.

BD Hotels borrowed $34.5 million from Metropolitan Commercial Bank for 56 East 54th Street, Midtown East, Manhattan on August 21, 2023.

BD Hotels borrowed $62 million from First Republic Bank for 141-147 Mercer Street, SoHo, Manhattan on February 17, 2023.

BD Hotels sold 113 Jane Street, West Village, Manhattan for $62 million to Ohana Real Estate Investors and JK Hotel Group on December 27, 2022.

BD Hotels sold 859 7th Avenue, Midtown West, Manhattan for $94.5 million to Extell Development on October 20, 2022.

BD Hotels borrowed $38 million from Investors Bank for 56 East 54th Street, Midtown, Manhattan on November 09, 2021.

Latest Stories:

• BD Hotels signs $46M refi for Ludlow Hotel on LES (February 05, 2025)

• Swiss hotel company signs ground lease with BD Hotels in Midtown East valued at $20.6M (February 06, 2024)

• Merchants Hospitality surrenders $24M Hell’s Kitchen ground lease to BD Hotels (January 15, 2024)

• BD Hotels signs $45.9M refi loan with Deka Immobilien for hotel in Murray Hill (November 06, 2023)

• BD Hotels signs $10M initial loan for fee under Hell’s Kitchen hotel as ground tenants battle in court (September 20, 2023)

• BD Hotels signs $34.5M refi for Hotel Elysee in Midtown East (August 22, 2023)

• Extell Development files plans for 208-unit hotel in Midtown West, site leased from BD Hotels (April 17, 2023)

• Courts roundup: Roche sues partner Merchant for $35M, Nazarian sues contractors in Village (January 24, 2023)

• Jeff Klein, Ohana Real Estate pay $62M to BD Hotels for hotel in West Village (December 28, 2022)

• Extell in negotiations to ground lease BD Hotels’ Hotel Wellington property in Midtown West (October 20, 2022)

Court Records:

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Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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