MERIDIAN CAPITAL ARRANGES $70M IN FINANCING FOR THE REFINERY HOTEL

by admin

NEW YORK CITY — Meridian Capital Group has arranged $70 million to refinance the Refinery Hotel located on 63 West 38th St. in New York City. The borrower was 63 West 38th LLC. The 12-story hotel features 197 rooms, as well as Parker & Quinn restaurant, Winnie’s lobby bar, Refinery Rooftop, and The Hatbox, an industrial gallery space. A CMBS lender provided the fixed-rate 10-year loan. David Hayum and Steven Adler of Meridian Capital negotiated the financing.

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