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New York & Tri-State  + Midtown New York  + Hospitality  | 

Marriott Hudson Yards Garners $199M Refi

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

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
  • ◦Development