Fortress Investment Group today announced that funds managed by its affiliates (“Fortress”) have provided a $291 million senior secured loan to support the refinancing and repositioning of a four-property hotel portfolio in Manhattan owned and operated by Sonesta International Hotels Corporation.
The portfolio comprises four upscale New York City hotels totaling 917 keys, including:
- The Shelburne Sonesta Hotel, a 325-key hotel located at 303 Lexington Avenue
- The Benjamin Royal Sonesta Hotel, a 209-key hotel located at 125 East 50th Street
- The Fifty Sonesta Hotel, a 252-key hotel located at 155 East 50th Street
- The Gardens Sonesta ES Suites, a 132-key hotel located at 215 East 64th Street
The assets are situated in prime Midtown East locations close to corporate offices, iconic New York City landmarks popular with tourists, and Grand Central Terminal.
Sonesta International Hotels is one of the largest hotel companies in the world, with a growing global platform spanning a wide range of brands and segments. The company has a significant presence in the U.S. lodging market and has continued to expand its portfolio through strategic acquisitions and organic growth.
“We believe these properties are well-positioned to benefit from the ongoing recovery and long-term growth in New York City’s lodging sector, and as such we’re pleased to support Sonesta’s planned repositioning by providing this financing,” said Andrew DiMiero, Managing Director at Fortress Investment Group.
“By bringing Fortress’ decades of experience in providing flexible financing and capital solutions for hospitality assets to this transaction, we believe this investment will offer strong risk-adjusted returns for our investors,” added Steven Parrinello, Managing Director at Fortress Investment Group.
About Fortress Investment Group
Fortress Investment Group LLC is a leading, highly diversified global investment manager. Founded in 1998, Fortress manages $54 billion of assets under management as of March 31, 2026, on behalf of approximately 2,000 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. AUM refers to assets Fortress manages, including capital that Fortress has the right to call from investors, or investors are otherwise required to contribute, pursuant to their capital commitments to various funds or managed accounts.