Triumph Hotels
People:
Triumph Hotels portfolio
$149.6 million* – hotel 89%, N9 6%; Manhattan 90%, Brooklyn 6%
398th largest portfolio by dollar value
642,756 sqft – hotel 87%, N9 8%;
504th largest by SF
8 properties – Manhattan 62%, Bronx 25%
1005th largest
Company Activity past 24 months:
Borrower company: 2 for $32.1 million
Top Ten Associated Companies:
Popular Bank (6), Investors Bank (2), Apple Bank for Savings (1), First Republic Bank (1), Friends Of Emblaze Academy Charter School (1), Santander Bank (1), Gene Kaufman (1)
Top Ten Associated People:
David Rabban (2), Alan J. Perlowitz (1), Joseph A. Farrauto (1), Joseph Farrauto (1)
Recent activity as company:
• Triumph Hotels borrowed $21 million from Popular Bank for 318 West 51st Street, Hell’s Kitchen, Manhattan on October 09, 2024.
• Triumph Hotels borrowed $11.1 million from Popular Bank for 781 East 142nd Street and N/A East 142nd Street, Mott Haven, Bronx on October 09, 2024.
• Triumph Hotels borrowed $31.1 million from Popular Bank for 47 West 44th Street, Midtown West, Manhattan on November 17, 2022.
• Triumph Hotels borrowed $23.5 million from Popular Bank for 7 East 27th Street, NoMad, Manhattan on September 30, 2022.
• Triumph Hotels borrowed $11.5 million from First Republic Bank for 82-67 Austin Street, Kew Gardens, Queens on March 09, 2022.
• Triumph Hotels borrowed $13 million from Popular Bank for 194 Tillary Street, Fort Greene, Brooklyn on December 29, 2020.
• Triumph Hotels borrowed $5 million from Investors Bank for 94-00 Ditmars Boulevard, East Elmhurst, Queens on October 27, 2020.
• Triumph Hotels sold 1164 Garrison Avenue, Hunts Point, Bronx for $0 to Friends Of Emblaze Academy Charter School on July 14, 2020.
• Triumph Hotels borrowed $7.5 million from Santander Bank for 68-09 Burns Street, Forest Hills, Queens on March 12, 2020.
• Triumph Hotels sold 224 West 47th Street, Times Square, Manhattan for $21.9 million to Gene Kaufman on December 30, 2019.
Latest Stories:
• Shimmie Horn’s Triumph signs $21M refi for closed hotel in Hell’s Kitchen (October 10, 2024)
• McSam Hotel Group signs $28M construction loan for hotel in Times Square (March 19, 2024)
• Triumph Hotels borrows $13M from Popular Bank for property in Fort Greene (December 30, 2020)
• Charter school records ground lease with Triumph Hospitality Group in Hunts Point (July 15, 2020)
• Shimmie Horn’s Triumph Hotels obtained financing of $9M from POPULAR BANK (July 19, 2019)
Properties: