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Rendering of modular hotel being built at 842 Sixth Ave./ Photo credit: Danny Forster & Architecture Rendering of modular hotel being built at 842 Sixth Ave./ Photo credit: Danny Forster & Architecture

NEW YORK CITY—AVANA Capital has provided a $65 million construction loan to 842 Enterprise, which plans to build the world’s tallest modular construction hotel in the world. The Chun family runs the development firm that is creating a 26-story, 385-foot tall,168-room AC Marriott Hotel using a method of stacking pre-built rooms. The total construction cost for the hotel is expected to be $110 million.

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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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