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NEW YORK CITY — Cottonwood Group and CCB International (CCBI) have closed on a $55 million secured credit facility for the development of an Aloft Hotel at Hudson Yards on Manhattan’s West Side. The hotel, which is part of Starwood Hotels & Resorts, is currently under construction. Cottonwood, through its subsidiary, CW Credit Services, partnered with CCBI to replace an existing land loan and help secure a land lease for the hotel. Upon completion, Aloft Hotel at Hudson Yards will feature 420 hotel rooms. The hotel will expand the brand’s footprint in New York City, joining Aloft Manhattan, Aloft Harlem and Aloft Brooklyn.