Dealmaker: Newmark Arranges $210M for Four citizenM Hotels

Newmark, New York, arranged a $210 million financing facility for a 904-key portfolio of four under construction and soon-to-be-delivered citizenM hotels.

Dustin Stolly and Jordan Roeschlaub, Vice Chairmen and Co-Heads of the Debt, Equity & Structured Finance team, led the Newmark team with Senior Managing Director Nick Scribani.

Each purpose-built hotel will offer amenities tailored to today’s business and leisure travelers, such as 24/7 fitness centers, spacious and airy meeting rooms and canteenM restaurants that provide full-day food and beverage service. Some hotels will include cloudM rooftop bars and expansive terraces. Consistent with the global citizenM portfolio, each hotel offers a quick and intuitive check-in process and smart technology controlled by an in-room tablet.

“citizenM has the perfect room design to capture the live/work/play demand trends today’s generation of travelers seek; these four new hotels will continue to push the brand to new heights as citizenM continues its rapid U.S. expansion,” Stolly said.