{"id":314613,"date":"2026-08-05T20:50:18","date_gmt":"2026-08-05T20:50:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/314613\/"},"modified":"2026-08-05T20:50:18","modified_gmt":"2026-08-05T20:50:18","slug":"blue-owl-capital-provides-106m-to-refi-lowell-hotel-in-new-york-city-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/314613\/","title":{"rendered":"Blue Owl Capital Provides $106M to Refi Lowell Hotel in New York City \u2013 Commercial Observer"},"content":{"rendered":"

A historic New York City hotel has received a new round of debt financing.\u00a0<\/p>\n

Kensico Properties<\/a> has secured $106 million to refinance the Lowell Hotel, a 17-story, 74-key luxury boutique hotel on Manhattan\u2019s Upper East that the firm purchased and redeveloped in 1984, Commercial Observer can first report.\u00a0<\/p>\n

SEE ALSO: Brookfield Asset Management Raises Record $77B in Q2<\/a><\/p>\n

Blue Owl Capital<\/a> provided the senior loan, which will replace existing debt, while CBRE<\/a>\u2019s Matthew Klauer arranged the transaction on behalf of Kensico Properties.\u00a0<\/p>\n

\u201cThe Lowell represents one of the most storied and irreplaceable luxury hospitality assets in the United States,\u201d said Klauer. \u201cThe hotel\u2019s unmatched reputation, superior market position, and experienced ownership group made this an exceptional lending opportunity.\u201d<\/p>\n

Located at 28 East 63rd Street just off the corner of Madison Avenue and a few blocks from Central Park, The Lowell Hotel opened in 1927. The hotel features 74 guest rooms and suites, many of which include private terraces, and features notable bars like the Club Room and the Pembroke Room.<\/p>\n

Brian Pascus can be reached at bpascus@commercialobserver.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"A historic New York City hotel has received a new round of debt financing.\u00a0 Kensico Properties has secured…\n","protected":false},"author":2,"featured_media":314614,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[118766,118767,118768,9,24,55,54,56],"class_list":["post-314613","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-28-east-63rd-street","tag-lowell-hotel","tag-matthew-klauer","tag-new-york","tag-new-york-city","tag-new-york-city-headlines","tag-new-york-city-news","tag-ny"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/314613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=314613"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/314613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/314614"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=314613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=314613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=314613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}