Brooklyn Waterfront Hotel Lands $80M in Financing

The 10-story project marks the third property and first ground-up development for Starwood’s luxury 1 Hotels brand.

New York—Capital One has provided an $80 million construction/mini-perm loan to a joint venture between the Starwood Capital Group and Toll Brothers, for the soon-to-be-completed 1 Hotel Brooklyn Bridge, a 194-key property on the Brooklyn waterfront.

Capital One previously provided a $160 million loan to finance the project’s initial construction, which also included a 107-unit recently completed condominium building…

Brooklyn Waterfront Hotel Lands $80M in Financing

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