Mission Capital Arranges Financing for GEM Hotel Chelsea

March 18, 2014

Source: Lodging Magazine

Mission Capital Advisors’ debt and equity finance group arranged $33 million in financing on behalf of New York-based investment and management company Icon Realty Management. The financing, a combination of CMBS and mezzanine, was arranged to refinance The GEM Hotel Chelsea, an 81-key, upscale boutique hotel in Manhattan, managed by Gemini Real Estate Advisors.

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