Hotels Archives - Page 6 of 6 - Real Estate Weekly

New Jersey developer nabs East Williamsburg vacant lot for 92-room hotel

REW February 28, 2018 February 28, 2018

by REWFebruary 28, 2018February 28, 20183500

Nehalkumar Gandhi purchased a 99-year ground lease at 187 Cook Street in East Williamsburg for $1.3 million from Loketch Group and Joyland Group. The brand of hotel has not yet been disclosed.

Debt & Equity Hotels

Square Mile acquires $31.8M Moxy Hotel loan

REW January 10, 2018 January 10, 2018

by REWJanuary 10, 2018January 10, 20181983

The mezzanine loan finances the development of the future 37-story,349-key Moxy Hotel at 105-109 West 28th Street in Chelsea.

Debt & Equity Hotels

Sam Chang lands $121M loan for 45-story Chelsea hotel

REW January 10, 2018 January 10, 2018

by REWJanuary 10, 2018January 10, 20182317

Eastern Consolidated’s Capital Advisory Division arranged the finance package for the construction of a 45-story, 526-key hotel on 28th Street.

Hotels

Owner dodges hotels regulations with ‘extended stay’ moniker

REW December 27, 2017 December 27, 2017

by REWDecember 27, 2017December 27, 20171830

Hotel 17, the Stuyvesant Square budget hotel that closed in April due to zoning issues, has recently reinvented itself as an extended stay hotel.