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Lightstone Closes $91M Refinancing for Moxy East Village Hotel

The real estate investor developer received the loan from Bank of the Ozarks.

Moxy Hotel E. Village lot 112-120 E. 11th St., grounds for Moxy East Village Hotel

NEW YORK CITY—Lightstone has closed on $91 million in financing with the Bank of the Ozarks to develop the 285-room Moxy Hotel at 112-120 E. 11th St. in a partnership with Marriott. The Moxy East Village will be located across from Webster Hall, south of Union Square in the East Village.

The micro-room hotel will feature six new eating and drinking establishments for guests and locals. In the hotel’s interior design, each floor will reveal a different layer in Lower Manhattan’s history. It is scheduled to be completed and to open by fall 2019.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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