Magna Hospitality Group
300 Centerville Road, Suite 300 East Warwick, Rhode Island 02886
People:
Magna Hospitality Group NYC portfolio
$1.2 billion -hotel 73%, condo 26%; Manhattan 100%*
198th largest portfolio by dollar value
986,154 sqft – hotel 83%, condo 16%; Manhattan 100%
497th largest by SF
7 properties – Manhattan 100%
1442th largest
0 foreclosures, 0 bankruptcies, 1 other court case.
Notes
Website: Founded in 1998, Magna is a privately-held hotel real estate investment firm that is dedicated exclusively to hotel investment, development, and management.
Company Activity past 24 months:
Buyer company: 1 for $143.9 million
Seller company: 3 for $297.5 million
Borrower company: 6 for $770.5 million
Top Ten Associated Companies:
Wells Fargo (6), Arnold & Porter Kaye Scholer registered (3), KSL Capital Partners (2), Starwood Capital Group (1), Aareal Capital (1), Apollo Global Management (1), Blackstone Group (1), Western Alliance Bank (1), PIMCO (1), M&T Bank (1)
Top Ten Associated People:
Matthew Kacheris (3), Gregory Weingart (3), Nolen Taylor (1), Spencer Russo (1), Alberto Miras-Azcon (1), Jeffrey Pascale (1), Jeffrey Horowitz (1), F. Austin Peña (1), Alan Pothast (1), Devin Chen (1)
Recent activity as company:
• Magna Hospitality Group borrowed $88.5 million from Wells Fargo for 150 West 48th Street, Midtown West, Manhattan on December 17, 2025.
• Magna Hospitality Group borrowed $150 million from Aareal Capital for 140 West 24 Street on December 08, 2025.
• Magna Hospitality Group borrowed $165 million from Wells Fargo for 344 West 36 Street on November 26, 2025.
• Magna Hospitality Group ground leased 327 West 33 Street valued at $36.9 million to Arnold & Porter Kaye Scholer registered on September 30, 2025.
• Magna Hospitality Group sold 117 West 24 Street for $168.6 million to Arnold & Porter Kaye Scholer registered on September 30, 2025.
• Magna Hospitality Group sold 28 West 46 Street for $92 million to Arnold & Porter Kaye Scholer registered on September 30, 2025.
• Moinian Group sold 239 West 54 Street for $143.9 million to Magna Hospitality Group on June 26, 2025.
• Magna Hospitality Group borrowed $150 million from KSL Capital Partners for 350 West 39 Street on June 11, 2025.
• Magna Hospitality Group borrowed $112 million from Wells Fargo for 60 West 37th Street and 60 West 37th Street, Garment District, Manhattan on May 30, 2025.
• Magna Hospitality Group borrowed $105 million from Wells Fargo for 117 West 24 Street on October 17, 2024.
Latest Stories:
• Magna Hospitality Group signs $150M refi with Aareal for hotel in Chelsea (December 15, 2025)
• Fourth Magna Hospitality Group hotel sale, this for $36.9M in Penn Plaza (October 10, 2025)
• Anonymous buyer pays $92M to Magna for hotel in Midtown West (October 08, 2025)
• Magna Hospitality Group sells hotel in Chelsea for $168.6M (October 07, 2025)
• KSL Capital Partners provide $150M refi for Hyatt hotel in Garment District (June 27, 2025)
• Magna signs $112M refi loan with Wells Fargo for hotel in Garment District (June 10, 2025)
Properties:
