Marx Development Group has secured $202 million in debt from Mack Real Estate Credit Strategies to refinance its Hudson Yards hotel at 461 West 34th Street. The Courtyard by Marriott spans 218,640 SF, and contains 399 rooms.
- Financing details: The new loan replaces around $125 million in debt provided by the Moinian Group last year. It also includes a new $76.5 million gap mortgage, according to TRD.
- Worth Noting: JP Morgan Chase has already inked a 10-year lease to occupy the retail component (2.823 SF). The hotel is expected to open next month.