Thor Equities Secures $53.5 Million Refinancing for ModernHaus SoHo
New York, NY, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Thor Equities Group, a global leader in urban real estate development, leasing, and management, is proud to announce the successful refinancing of the ModernHaus SoHo Hotel, securing $53.5 million in proceeds through Argentic.
Located in the heart of SoHo, ModernHaus is a 114-room boutique hotel that consistently experiences high occupancy, drawing guests from around the world for its ideal location and luxury amenities. The property features an extensive modern and contemporary art collection and the iconic Jimmy rooftop lounge and pool deck, which provides 360-degree views of lower Manhattan. Additional amenities include an all-day café that transforms into an intimate lounge in the evenings, fitness center, and expansive 11,000 square feet of outdoor space, which is the most per room in New York City.
“We are thrilled to partner with Argentic on the refinancing,” said Chairman of Thor Equities Group, Joe Sitt. “We are committed to delivering exceptional hospitality experiences while also creating long-term value for the property.”
This latest achievement builds on Thor Equities’ strong momentum, including the acquisition of three prime sites in Miami’s Wynwood neighborhood, the purchase of a data center development site, and the investment of MXN 2.4B in an industrial park in Mexico.
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About Thor Equities Group: Thor Equities is a leader in the development, leasing and management of industrial, laboratory, residential, office, hotel and mixed-use assets in premier locations worldwide. The company operates in major cities around the globe and has a property portfolio totaling $20 billion with a development pipeline in excess of 50 million square feet. Thor has a strong presence on three continents and in addition to its US holdings, the company has assets in European gateway cities including London, Paris, Madrid, and Milan, and is the largest developer in Mexico through its Latin American division with a development pipeline of over 20 million square feet. Thor maximizes returns for institutional investors by recognizing a property’s potential, reducing operating expenses, increasing tenant satisfaction, and leveraging market trends to maintain a long-term competitive edge. For more information, visit www.thorequities.com.
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Katie Smith Thor Equities Group ksmith@Thorequities.com
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