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CBRE advises on $106M refinancing for The Lowell Hotel in Manhattan
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CBRE advises on $106M refinancing for The Lowell Hotel in Manhattan
A CBRE team led by Matthew Klauer advised Kensico Properties on the refinancing of The Lowell Hotel, a luxury boutique hotel located on Manhattan’s Upper East Side. Blue Owl Capital has provided a $106-million senior loan that replaces the existing debt and positions. The hotel has been owned and operated by Kensico Properties since its development as a hotel in 1984. The Lowell, located between Madison and Park Avenues at 28 East 63rd St, featu…
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