Hotel · Plaza District
The Plaza Hotel
768 Fifth Avenue, Plaza District · Built 1907 · 18 floors
Partial
Current value
$875.0M
▲ 15.9% 1-yr (modeled)
Cap rate
5.20%
▲ 110 bps vs 4.10% submarket
NOI · derived
$45.5M
Value $/SF
$1,094
sourcedmodeled0 of 6 sourced
Ownership & debt
Ownership graph
Asset → owner → parent → beneficial owner · every edge sourcedOwnership transparency
Recorded chainRecorded owners
Katara Hospitality
QA · Fee simple · 100% interest
Ultimate beneficial owner — as recorded
Katara Hospitality (Qatar)
QA · Beneficial interest
Qatar Investment Authority (Qatar's sovereign wealth fund); Katara Hospitality is its hotel division
Beneficial interest
Corporate structures from GLEIF LEI Level-1/Level-2 data (CC0, golden copy 2026-07-26). Methodology
Debt
No publicly recorded debt
Debt appears here only when a recorded mortgage, deed of trust or securitization filing names this asset — nothing is inferred from ownership or market norms.
Securitized debt — SEC loan tape
No SEC ABS-EE loan-level filing is matched to this asset. Public loan tapes exist only for SEC-registered CMBS — most large-asset debt is 144A-private, balance-sheet or agency financed and files none.
Underwriting
Assumptions — user inputs, not sourced data: 5-year hold · exit cap +25 bps vs today · 3.0% NOI growth per year.
Assumptions — user inputs, not sourced data
Hold period
Exit cap vs today
+25 bps
NOI growth / yr
3.0%
Unlevered IRR
7.5%
Exit cap
5.45%
Exit value
$967.8M
Exit NOI
$52.7M
Unlevered IRR sensitivity — exit cap Δ × NOI growth
| Exit Δ | 2.0% | 2.5% | 3.0% | 3.5% | 4.0% |
|---|---|---|---|---|---|
| -25 bps | 8.2% | 8.7% | 9.3% | 9.8% | 10.3% |
| 0 bps | 7.3% | 7.8% | 8.4% | 8.9% | 9.4% |
| +25 bps | 6.4% | 7.0% | 7.5% | 8.0% | 8.5% |
| +50 bps | 5.6% | 6.2% | 6.7% | 7.2% | 7.7% |
| +75 bps | 4.9% | 5.4% | 5.9% | 6.4% | 6.9% |
Modeled output — not investment advice. Derived from the assumptions above, not sourced claims.
Provenance footnotes
- Current value: Estimated — no sourced claim on file.
- Cap rate: Estimated — no sourced claim on file.
- NOI: Estimated — no sourced claim on file.
- $/SF: Estimated — no sourced claim on file.
- GLA: Estimated — no sourced claim on file.
- Ownership — Katara Hospitality: Single source — en.wikipedia.org · https://en.wikipedia.org/wiki/Plaza_Hotel
Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration and every underwriting output are derived arithmetic, not sourced claims. Underwriting outputs follow the assumptions printed in the panel — user-editable inputs, not observations. Not investment advice.
Anchoring begins when the asset enters the live ledger.