Element Lenox, a newly constructed Marriott-branded hotel, expected to open in early June
2 Articles
2 Articles
Citi Closes $100M CMBS Loan for Marriott New York JFK Airport Hotel
Chartwell Hospitality has landed $100 million of permanent financing for its Marriott New York JFK Airport Hotel, Commercial Observer has learned. Citigroup (C) originated the five-year, interest-only commercial mortgage-backed securities (CMBS) loan for the newly completed, 362-room hotel at 135-25 142nd Street in Jamaica, Queens. Loan proceeds will pay off existing debt, cover closing costs and fund enhancements to the property. Ripco Real Est…
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