Lightstone Receives $155M Refinancing for Moxy Chelsea

LoreCore Capital and KSL Capital Partners provided the loan for the recently constructed, 35-story hotel.

Moxy Chelsea, 105 W. 28th St.

NEW YORK CITY—David Lichtenstein’s real estate firm Lightstone closed a $155 million refinancing loan for Moxy Chelsea from LoreCore Capital and KSL Capital Partners. The hotel opened on Valentine’s Day, just last month. The 35-story, 349-room Marriott brand hospitality lodging is located at 105 W. 28th St. in Manhattan’s Chelsea neighborhood.

Designed by the firms Yabu Pushelberg and Rockwell Group and architects at Stonehill Taylor, the recently constructed hotel features the small micro-room concept, while marketing amenities and communal spaces. In referencing the Chelsea Flower Market, the hotel provides botanical elements. For example, a three-story glass atrium encloses a sizable garden and a Putnam & Putnam Flower Shop is located at the entrance. The rooms also have floor-to-ceiling, wall-to-wall windows.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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