Lightstone Closes $262M Refi from Goldman Sachs for Moxy Times Square Hotel

Lightstone closed $262 million in financing with Goldman Sachs for the recently developed flagship Moxy Times Square hotel in Midtown Manhattan. The design-driven hotel was developed by Lightstone in partnership with Marriott.

Formerly the New Mills Hotel, it was built in 1907 on 36th Street and 7th Avenue. The 17-story hotel opened to guests in September 2017.

An energetic alternative to the typical hotel experience, Moxy Times Square’s 612 bedrooms are cleverly designed by Yabu Pushelberg to adapt to modern travelers’ changing needs. Bedrooms feature a wide variety of room types, flexible furniture, oversized walk-in showers, free Wi-Fi, and personal screencasting technology offering Netflix, Hulu, and Pandora.

The hotel also has immersive social spaces that are built for co-working and play, encouraging visitors and locals to intermingle. Moxy Times Square has five new eating and drinking destinations.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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Lightstone Closes $262M Refi from Goldman Sachs for Moxy Times Square Hotel

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Lightstone Closes $262M Refi from Goldman Sachs for Moxy Times Square Hotel

Inside The Story

About Dennis Kaiser