Arlo NoMad Arlo NoMad at 11 E.31st St. in Midtown South

NEW YORK CITY—Arlo NoMad, a 249-room hotel located at 11 E. 31stSt. between Fifth and Madison avenues received an $80 millionrefinancing loan from Square Mile Capital. The borrowers are ajoint venture of Simon Baron Development Group, Quadrum Global,KSNY and Eagle Point Hotel Partners. HKS Real Estate Advisors'Ayush Kapahi negotiated the deal.

“Arlo NoMad has been a successful hotel since it opened and iswell positioned to meet the considerable demand for efficientlypriced rooms in Manhattan's NoMad submarket going forward,” saysSquare Mile Capital principal Sean Reimer.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.