A New Jersey developer has acquired a vacant lot in East Williamsburg where he plans to build a 92-key hotel. Nehalkumar Gandhi purchased a 99-year ground lease at 187 Cook Street for $1.3 million from Loketch Group and Joyland Group. The brand of...
Madison Realty Capital (MRC) provided a $16.50 million acquisition and construction financing package collateralized by a partially-constructed hotel development in Long Island City, Queens. The borrower, an affiliate of Sam Chang’s McSam Hotel...
In a move that looks to stymie opponents of home-sharing, Airbnb development partner Niido has announced a deal with smart access platform, Latch. In October, Niido announced its partnership with Airbnb to build new apartment buildings designed with...
Square Mile Capital Management LLC has acquired a $31.8 million mezzanine loan in face value for financing the development of the future Moxy Hotel at 105-109 West 28th Street in Chelsea. A subsidiary of Marriott International, who originated the...
Eastern Consolidated’s Capital Advisory Division has arranged a debt and equity package totaling $121.35 million to finance the construction of a 45-story, 526-key hotel at 140 West 28th Street in Chelsea for the McSam Hotel Group led by Sam...
