Denver, Colorado November 8, 2010: HVS Capital Corp is pleased to announce that it served as exclusive financial advisor and has successfully assisted with the restructure and extension of a $60 million first mortgage for The Lowell, located on East 63rd Street, between Madison and Park Avenues, in the heart of Manhattan’s exclusive Upper East Side. The Lowell, with 72 deluxe rooms and suites, is one of the premier luxury hotels in the world.
According to Paul Stern, Senior Vice President of HVS Capital Corp, “The New York City lodging market endures as one of the most robust in the world, and has rebounded strongly following the economic downturn. For this assignment, HVS Capital Corp targeted a select group of sophisticated capital providers resulting in an execution that met our client’s objectives.”
HVS Capital Corp