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New hotel for Gowanus

By Holly Dutton

Gowanus is getting another new development added to the list of growing projects – this time it’s a hotel.

ROGER KAPSALIS
ROGER KAPSALIS

Massey Knakal Capital Services just closed a $9,608,000 ground-up construction loan, arranged jointly by Bruce Whipple and

Roger Kapsalis of Massey Knakal for a boutique hotel near the Gowanus Canal.

The senior construction loan was financed in along with an SBA 504 interim loan to build a 78-key Choice Ascend hotel.

“The new hotel will add to the growing hospitality market in Gowanus,” said Kapsalis.
Gowanus already has a handful of similar hotels, including a Super 8, Holiday Inn Express and La Quinta.

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