Lightstone Group's Moxy Hotel Project In Manhattan Receives $91M Financing From Bank Of Ozarks

The Lightstone Group, led by David Lichtenstein, has secured $91 million financing from Bank of the Ozarks, represented by George Gleason, for their Moxy Hotel project. Located at 112 East 11th Street in Manhattan, this 13-story building will encompass approximately 78,000 square feet and feature a total of 311 hotel rooms.

Summary of transaction details

• Property Type: 311-key Hotel
• Transaction Amount: $91M
• Address: 112 East 11th Street, Manhattan, NY
• Landlord: Lightstone Group – David Lichtenstein
• Lender: Bank of the Ozarks – George Gleason

This financing deal brings together David Lichtenstein's Lightstone Group and George Gleason from Bank of the Ozarks. David Lichtenstein represents Lightstone Group as the landlord and George Gleason represents Bank of the Ozarks as the lender. With this transaction, the Moxy Hotel project at 112 East 11th Street in Manhattan is set to move forward.