Lightstone Lands $70M in EB-5 Funding for Manhattan Hotel

On track for a September opening, the property is the third Moxy-brand hotel in Manhattan developed by Lightstone in partnership with Marriott.

Lightstone has raised $70 million for the development of Marriott Moxy East Village, a 286-key hotel project in Manhattan, in its sixth round of EB-5 investment funding. The third Moxy project of the Lightstone-Marriott partnership in New York City topped out last fall and is expected to open in September.

Source: https://www.cpexecutive.com/post/lightstone-raises-70m-in-eb-5-funding-for-manhattan-moxy/