Maddd Equities, Joy Construction land construction loan for Hell’s Kitchen hotel Financing comes from Bank Leumi USA

Via The Real Deal

Maddd Equities and Joy Construction have received a $45 million construction loan for their hotel project at 305 West 48th Street in Hell’s Kitchen, according to sources familiar with the deal.

The two companies are developing the luxury boutique hotel project with Atlas Hospitality. It will stand 27 stories tall with 203 rooms across roughly 60,000 square feet, and it should be open in roughly 18 months.

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