Magna Hospitality Group
People:
Magna Hospitality Group portfolio
$401 million – hotel 84.0%, condo 15.0%; Manhattan 100.0%, Bronx 0.0%
153th largest portfolio by dollar value
1,095,837 sqft – hotel 85.0%, condo 14.0%;
308th largest by SF
9 properties – Manhattan 100%, Bronx 0%
148th largest
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 1 for $159.3 million
Seller company: 0 for $0
Borrower company: 2 for $188.5 million
Lender company: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Wells Fargo (3), McSam Hotel Group (2), PIMCO (1), Lam Generation (1), Western Alliance Bank (1), Apollo Global Management (1), JPMorgan Chase (1), M&T Bank (1), Ashford Hospitality Trust (1), Shidler Group (1)
Top Ten Associated People:
Sam Chang (2), Devin Chen (1), Alan Pothast (1), Jeffrey Horowitz (1), Robert G. Haiman (1), Stanley J. Wolowski (1), Julie L. Richter (1), F. Austin Peña (1), Matthew Kacheris (1)
Latest Stories:
• Magna Hospitality signs $105M refi with Wells Fargo for hotel in Chelsea (October 23, 2024)
• Magna Hospitality pays $159.3M to McSam for hotel in Midtown West (September 13, 2023)
• Concord Hotels sell Midtown hotel for $88.5M (October 06, 2021)
• Sam Chang’s McSam sells 520-key Hell’s Kitchen hotel for $166.5M (October 04, 2021)
• Lender sues over allegedly defaulted $12.5M East Village loan at costume shop (October 04, 2021)
• Magna Hospitality borrows $23.5M from Wells Fargo for hotel in Penn Plaza (January 05, 2021)