August 19, 2019
Mack Real Estate Credit Strategies provided a $199-million loan to refinance the Courtyard by Marriott Hudson Yards hotel, recently built by David Marx’s Marx Development Group. The loan proceeds will be used to take out a construction loan and other previous financing ahead of the hotel’s planned opening later this month.
Located at 461 W. 34th St., the Courtyard by Marriott Hudson Yards is a newly- constructed 399-key hotel across the street from the Jacob K. Javits Convention Center and near Related’s Hudson Yards mega-development. It will be operated by Endeavor Hospitality Group.
The Courtyard stands 29 stories high and offers a restaurant, 1,700 square feet of meeting space and a fitness center. Ground-floor retail space will be occupied by a Chase bank branch.
For comments, questions or concerns, please contact Paul Bubny