Building of the Week

citizenM Hotel New York – 218 W 50th St New York, NY

Recent Loan:$68M by HSBC

Origination Date: 6/10/2015

Current Lender:HSBC Bank USA

Property Type: Hospitality

Total Building Area: 84,577 sq. ft.

Revenues(updated 7/01/2015): $13.6M

Did you know?citizenM New York is the group’s first US based hotel, importing its boutique self-service fusion. Located in Times Square, the nearly pod-style hotel is a low cost alternative for tourists and theater enthusiasts, located near seven subway lines within four blocks.

The rooms, compared to a ship’s cabin by the New York Times, are offset by an abundance of common areas, including a bar, a library and a rooftop lounge. All of course come with free WiFi, true to the name of citizenM or “Citizen Mobile”.

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