Newmark Arranges $210 Million Financing Facility Of Portfolio Of Four Citizenm Hotels

Sep 26, 2022•almost 3 years ago

Amount Raised

$210 Million

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Description

On behalf of citizenM, Newmark has arranged a $210 million financing facility for a 904-key portfolio of four under construction and soon-to-be-delivered citizenM hotels. The Newmark team was led by Dustin Stolly and Jordan Roeschlaub, Vice Chairmen and Co-Heads of the Debt & Structured Finance team, and Senior Managing Director Nick Scribani.

Company Information

Company

Newmark

Location

New York, New York, United States

About

Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues in excess of $2.9 billion for the year ending December 31, 2021. Newmark's company-owned offices, together with its business partners, operate from approximately 160 offices with over 6,200 professionals around the world.

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Newmark Arranges $210 Million Financing Facility Of Portfolio Of Four Citizenm Hotels

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