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David Marx lands $202M refi for Hudson Yards hotel
Deal replaces 2018 debt from Moinian Group
![461 West 34th Street with Marx Development Group's David Marx (Credit: Google Maps)](https://static.therealdeal.com/wp-content/uploads/2019/10/1200-Marx-Realty-refinanced-461-West-34th-Street-with-201.5M-loan-form-Mack.jpg)
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.