David Marx’s Marx Development Group secured a $202 million refinancing for its Hudson Yards hotel, which is scheduled to open next month.
Mack Real Estate Credit Strategies provided the debt for the 29-story Courtyard by Marriott at 461 West 34th Street, according to a public record filed Friday. The deal includes a new $76.5 million gap mortgage.
Mack did not immediately return a request for comment. A representative from Marx was not available Friday evening.
A little over a year ago the Moinian Group refinanced the 399-room hotel, which sits at the corner of 10th Avenue, with a $125 million deal.
Marx acquired the site more than a decade ago and financed the project with the Moinian funds, Israeli bonds and EB-5 money.
The Marriott website taking room reservations for the hotel calls it the Courtyard New York Manhattan/Midtown West. It says the hotel will open in November but doesn’t list room availability until December, when rates range from $202 to $493 per night.