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News release


JLL arranges sale and secures acquisition financing for The James New York hotel

​JLL announced today that it arranged the sale of The James New York hotel in Manhattan to Thor Equities. JLL also secured the acquisition financing, which Natixis provided.

International Director Jeffrey Davis and Managing Director Gilda Perez-Alvarado led the JLL team on the sale. Managing Director Kevin Davis and Vice President Barnett Wu led the JLL team on the financing.

"The James New York is an exceptional boutique hotel with an irreplaceable location in SoHo," said Jeffrey Davis. "This 'blank-canvas' offering gave investors the opportunity to establish an immediate presence in a high-barrier-to-entry market that will benefit from the tremendous growth and transformation taking place in Lower Manhattan."

"We've seen a significant improvement in the lending market in New York this year as more funding is available and spreads have come in," said Kevin Davis. "The quality of this asset and its superior sponsorship was the key to getting this transaction done."

The James New York hotel features 114 guestrooms, the Urban Garden, a multi-tiered outdoor space for dining and events, and The James Club, an all-glass space that overlooks the Urban Garden and neighboring sculpture garden. The property also includes a fitness center and a rooftop pool and bar. Located in Manhattan's SoHo neighborhood, the hotel is just steps away from SoHo's best dining, shopping and entertainment options.

JLL's Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years globally, totaling more than $77.5 billion worldwide. Between negotiating property deals, the group's 350-person global team also closed more than 5,300 advisory, valuation and asset management assignments. To find out more visit:

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the third quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of over 80,000. As of September 30, 2017, LaSalle Investment Management had $59.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit