195
NEWARK, N.J. — Lino DiLascio of the New York office of Johnson Capital has arranged a construction loan for the ground-up development of the Courtyard at Marriot hotel in Newark. The 150-room hotel will include 14,780 square feet of retail space. The project, estimated to cost $35 million, is the first new hotel in Newark in more than 40 years. It is located at the intersection of Lafayette and Broad streets. Chicago-based Tucker Development and Robert Finvarb Cos. are the project developers. The partnership also includes an affiliate of The New Jersey Devils. A regional bank provided the 3-year, floating-rate loan. The hotel is scheduled to open in September 2012.