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New York & Tri-State  + Downtown New York  + Hospitality  |  March 28, 2019
Paul Bubny
By: Paul Bubny

Lightstone Books $155M Refi for Moxy Chelsea

Lightstone has closed on $155 million in financing from LoanCore Capital and KSL Capital Partners for Moxy Chelsea, a 349-key Marriott brand hotel on West 28th Street in Chelsea. The hotel opened on Feb. 14, the second of five Lightstone-developed Moxys to open in New York City.

“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,” said Lightstone President Mitchell Hochberg. “We’re delighted to work with LoanCore and KSL on this refinancing and are pleased with their support for Moxy Chelsea.”

Moxy Chelsea follows the 612-key Moxy Times Square, which opened in fall 2017. In addition to the locations in Chelsea and Times Square, Lightstone is developing Moxy East Village, opening this fall; Moxy Lower East Side and Moxy Williamsburg, as well as Moxy properties in Miami and Los Angeles.

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).
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