New York City, NY

The Crown Building

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Loan Size

$750M

Location

New York City, NY

Asset Class

Hospitality-Led Mixed-Use

Size

83 Hotel Rooms & 22 Residences

In December 2018, Cain International arranged its first loan in the United States, a $314.5 million facility to Aman Group to refinance the acquisition facility and assist with early construction works of Aman New York. In September 2019, Cain International arranged the $750 million construction loan and placed a $300 million senior tranche with Bank OZK to continue to support the development of the project.

The construction loan will finance the conversion of the building to the first urban mixed-use development created by Aman. The 95,000 sq ft residential portion will include 22 exclusive residences and sit above the 117,000 sq ft hotel with 83 guest rooms and suites showcasing Aman's intuitive service.

The hotel will have more than 7,000 sq ft of outdoor dining space with its Garden Terrace, as well as a Jazz Club, Spa, three restaurants, and lifestyle management and concierge services by Aman.

Location

The Crown Building
New York, NY 10019, USA