Walker & Dunlop Closes $155M Refi for Lexington Hotel 

Walker & Dunlop, Inc. has arranged a $155 million refinancing deal for The Lexington Hotel, a historic landmark in Midtown. The financing was secured through Hudson Bay Capital. Lexington Hotel Owner LLC is a joint venture between MCR, Island Capital Group LLC, and Three Wall Capital.  

Originally built in 1929, The Lexington Hotel underwent extensive renovations and was converted into a Marriott Autograph Collection hotel in 2013. The property features 725 keys, including specialty suites such as the Norma Jeane Suite, where Marilyn Monroe once lived. The hotel offers amenities such as The Stayton Room bar and restaurant, 3,000 square feet of meeting space, and on-property retail amenities including Crunch Fitness and Starbucks. 

The Walker & Dunlop New York Capital Markets team is led by Jordan Casella, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, and Christopher de Raet. The team secured a bridge facility to refinance The Lexington Hotel’s existing debt. “This transaction not only underscores the resilience of the New York City hospitality market but also reaffirms the enduring appeal of this city as a major tourist and business destination,” said Casella, lead broker for the deal and managing director at Walker & Dunlop.