{"id":44544,"date":"2022-09-19T12:03:06","date_gmt":"2022-09-19T12:03:06","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=98352"},"modified":"2022-09-19T12:03:06","modified_gmt":"2022-09-19T12:03:06","slug":"madison-realty-capital-originates-315-6-million-loan-for-the-four-seasons-hotel-and-residences-in-new-orleans","status":"publish","type":"post","link":"https:\/\/timessouthafrica.com\/madison-realty-capital-originates-315-6-million-loan-for-the-four-seasons-hotel-and-residences-in-new-orleans\/","title":{"rendered":"Madison Realty Capital Originates $315.6 Million Loan for The Four Seasons Hotel and Residences in New Orleans"},"content":{"rendered":"
\n

NEW YORK, Sept. 19, 2022 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that it has provided a $315.6 million loan to Carpenter & Company, Inc. and Woodward Interests, LLC for the completion of the renovation at the Four Seasons Hotel and Residences New Orleans located at 2 Canal Street in New Orleans, Louisiana.<\/p>\n

Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital, said, \u201cThe Four Seasons New Orleans is well positioned along the Mississippi River, between the French Quarter and Central Business Districts, to capitalize on the demand from New Orleans\u2019 robust tourism market and expanding business district. We are pleased to leverage our familiarity with the Four Seasons brand to deliver a timely and customized financing solution to an experienced borrower group for a well-recognized New Orleans landmark with exciting cultural attractions.\u201d<\/p>\n

The 341-key Four Seasons hotel opened in July 2021 and is part of a mixed-use tower that includes 92 residential condominiums on the top floors. Operated by the Four Seasons, the residences have a private entrance from the hotel and offer one- to three-bedroom units and four-bedroom penthouses. To date, the property has sold 50% of the condominiums.<\/p>\n

The 33-story hotel and residence offers event space and amenities including two restaurants, a lobby and bar, full-service spa, fitness center, outdoor pool, and private gardens. The highly awarded hotel was named a \u201cBest Hotel in New Orleans\u201d and one of the \u201cBest New Hotels in the World\u201d by Travel + Leisure; a \u201cBest of the Best\u201d New Hotels in the World by Robb Report; and a \u201cBest New Hotel in the Country\u201d by USA TODAY 10Best. Additionally, the building is home to Vue Orleans, a unique indoor and outdoor observatory with panoramic views of the city and historic and cultural exhibits.<\/p>\n

Richard Friedman, President and Chief Executive Officer of Carpenter & Company Inc., said, \u201cMadison Realty Capital has significant expertise investing in Four Seasons projects and we are pleased with their team\u2019s ability to work quickly and provide certainty of execution. We look forward to moving to the next stage of this exciting project as we raise the hotel quality bar in New Orleans with the customized and flexible financing Madison delivered.\u201d<\/p>\n

Madison Realty Capital has significant experience investing in Four Seasons Hotels. Notable transactions include a $210 million loan to Fort Partners for the construction of the Four Seasons Hotel and Private Residences Fort Lauderdale and $105 million loan to Fort Partners for the acquisition and modernization of the Four Seasons Hotel Miami.<\/p>\n

Riaz Cassum and Henry Schaffer from JLL Capital Markets arranged the financing.<\/p>\n

About Madison Realty Capital\u00a0<\/u><\/b><\/p>\n

Madison Realty Capital is a vertically integrated real estate private equity firm that, as of August 31, 2022, manages approximately $9.5 billion in total assets on behalf of a global institutional investor base. Since 2004, Madison Realty Capital has completed approximately $21 billion in transactions providing borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with an office in Los Angeles, the firm has approximately 70 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been frequently named to the Commercial Observer\u2019s prestigious \u201cPower 100\u201d list of New York City real estate players and is consistently cited as a top construction lender, among other industry recognitions. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com<\/a>.<\/p>\n

Nathaniel Garnick\/Grace Cartwright\r\nGasthalter & Co.\r\n(212) 257-4170\r\nmadisonrealty@gasthalter.com<\/a>\r\n<\/pre>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
NEW YORK, Sept. 19, 2022 (GLOBE NEWSWIRE) \u2014 Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that it has provided a $315.6 million loan to Carpenter & Company, Inc. and Woodward Interests, LLC for the completion of the renovation at the Four Seasons [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[10,19,12],"yoast_head":"\nMadison Realty Capital Originates $315.6 Million Loan for The Four Seasons Hotel and Residences in New Orleans - Times South Africa<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timessouthafrica.com\/madison-realty-capital-originates-315-6-million-loan-for-the-four-seasons-hotel-and-residences-in-new-orleans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Madison Realty Capital Originates $315.6 Million Loan for The Four Seasons Hotel and Residences in New Orleans - 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