Walker & Dunlop Closes $155 Million Refinancing for Manhattan’s Lexington Hotel
Walker & Dunlop, Inc (WD)
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Source: Business Wire
BETHESDA, Md.--(BUSINESS WIRE)--Walker & Dunlop, Inc. announced today the completion of a $155 million refinancing deal for The Lexington Hotel, a historic landmark in the heart of Midtown Manhattan. Acting as the exclusive advisor to Lexington Hotel Owner LLC, a joint venture between MCR, Island Capital Group LLC, and Three Wall Capital, Walker & Dunlop secured the financing through lender Hudson Bay Capital.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240502781850/en/The Lexington Hotel (Photo: Business Wire)Initially completed in 1929, The Lexington Hotel has undergone extensive renovations and conversions over the years, culminating in its transformation into a Marriott Autograph Collection hotel in 2013. The hotel was acquired by the Sponsors in 2021 and is a testament to timeless elegance and modern luxury in one of New York City's most coveted locations.The Walker & Dunlop New York Capital Markets team, led by
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