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Dec

03

Lightstone Lands $260M Refi for Times Square Hotel

By Tony Seruga

Goldman Sachs provided the refinancing for the 612-key Moxy Times Square, which made its debut in September of this year.

Lightstone knows how to reel in the big bucks for its portfolio of new Moxy-branded hotels. The real estate investor and developer recently landed $262 million in funds for the refinancing of Moxy Times Square, marking the second financing deal this year for the group of four Moxy hotels planned for New York City.

Goldman Sachs provided the funds for the refinancing of the 612-room Moxy Times Square, allowing Lightstone to repay the original $205 million construction loan from Square Mile and Bank of the Ozarks. “Our close relationship with Goldman Sachs has been and continues to be instrumental across our wide-ranging portfolio,” Mitchell Hochberg, president of Lightstone, said in a prepared statement…

Lightstone Lands $260M Refi for Times Square Hotel

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