The owners of Midtown Manhattan's Lexington Hotel secured a $155 million refinancing deal from Hudson Bay Capital using Walker & Dunlop to arrange the transaction.
The owners are a joint venture between MCR, Island Capital Group and Three Wall Capital.
Initially completed in 1929, The Lexington Hotel has undergone extensive renovations and conversions over the years, culminating in its transformation into a Marriott Autograph Collection hotel in 2013. The hotel was acquired by the sponsors in 2021.
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