Walker & Dunlop has completed a $155 million refinancing deal for The Lexington Hotel, a historic landmark in the heart of Midtown Manhattan. Acting as the exclusive adviser to Lexington Hotel Owner LLC, a joint venture between MCR, Island Capital Group LLC, and Three Wall Capital, Walker & Dunlop secured the financing through lender Hudson Bay Capital.
Initially completed in 1929, The Lexington Hotel has undergone extensive renovations and conversions over the years, culminating in its transformation into a Marriott Autograph Collection hotel in 2013. The hotel was acquired by the sponsors in 2021 and is a testament to timeless elegance and modern luxury in one of New York City's most coveted locations.
“This transaction not only underscores the resilience of the New York City hospitality market but also reaffirms the enduring appeal of this city as a major tourist and business destination. The quality of the asset, along with the strength of the sponsor tea
