Lightstone Receives $155M Refinancing for Moxy Chelsea

NEW YORK CITY—David Lichtenstein’s real estate firm Lightstone closed a $155 million refinancing loan for Moxy Chelsea from LoreCore Capital and KSL Capital Partners. The hotel opened on Valentine’s Day, just last month. The 35-story, 349-room Marriott brand hospitality lodging is located at 105 W. 28th St. in Manhattan’s Chelsea neighborhood.

Designed by the firms Yabu Pushelberg and Rockwell Group and architects at Stonehill Taylor, the recently constructed hotel features the small micro-room concept, while marketing amenities and communal spaces. In referencing the Chelsea Flower Market, the hotel provides botanical elements. For example, a three-story glass atrium encloses a sizable garden and a Putnam & Putnam Flower Shop is located at the entrance. The rooms also have floor-to-ceiling, wall-to-wall windows.

“Moxy Chelsea is a secret garden amidst the hustle and bustle of Manhattan, providing the perfect refuge for visitors and neighborhood residents with its stylish design and exciting amenities,” says Lightstone president Mitchell Hochberg.

The ground floor has Italian restaurants. The second floor lobby has a conservatory, a co-working lounge, meeting spaces, and food and beverage options. There’s also a glass covered rooftop lounge on the 35th floor.

This hotel follows the opening of the 612-room Moxy Times Square in 2017. In addition, Lightstone is developing Moxy East Village scheduled to open this fall and Moxy Williamsburg. The company is also building properties in South Beach, Miami and Downtown Los Angeles.