Douglas Stevens
(Doug Stevens, Douglas C. Stevens)
Vice President
Magna Hospitality Group
300 Centerville Road, Suite 300 East Warwick, Rhode Island 02886
Magna Hospitality Group NYC portfolio
$1.2 billion -hotel 73%, condo 26%; Manhattan 100%*
200th largest portfolio by dollar value
986,154 sqft – hotel 83%, condo 16%; Manhattan 100%
491th largest by SF
7 properties – Manhattan 100%
1410th largest
0 foreclosures, 0 bankruptcies, 1 other court case.
Person Activity past 24 months:
Seller signatory: 1 for $168.6 million
Borrower signatory: 2 for $255 million
Top Ten Associated Companies:
Wells Fargo (1), Western Alliance Bank (1), Aareal Capital (1), Arnold & Porter Kaye Scholer registered (1), Apollo Global Management (1)
Top Ten Associated People:
Matthew Kacheris (1), Alan Pothast (1), Alberto Miras-Azcon (1), Jeffrey Pascale (1), Gregory Weingart (1), Jeffrey Horowitz (1)
Recent activity as signatory:
• Magna Hospitality Group borrowed $150 million from Aareal Capital for 140 West 24 Street on December 08, 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 borrowed $105 million from Wells Fargo for 117 West 24 Street on October 17, 2024.
• Magna Hospitality Group borrowed $101.5 million from Apollo Global Management for 140 West 24 Street on October 28, 2022.
• Magna Hospitality Group borrowed $68 million from Western Alliance Bank for 7 Moore Street on October 25, 2022.
Latest Stories:
• Magna Hospitality Group signs $150M refi with Aareal for hotel in Chelsea (December 15, 2025)
• Magna Hospitality Group sells hotel in Chelsea for $168.6M (October 07, 2025)
• Magna Hospitality signs $105M refi with Wells Fargo for hotel in Chelsea (October 23, 2024)
• Magna Hospitality Group obtained financing of $67M from M&T Bank (August 09, 2019)