Lightstone Group has purchased the Hilton Garden Inn in Long Island City for $60 million, according to property records filed with the city Thursday. The 16-story, 183-key hotel, which opened in April 2015, is located at 29-21 41st Avenue, and Lightstone purchased it from a group of investors led by Sagamore Capital and Ranger Properties. The company is funding the purchase with a $35 million loan from Western Alliance Bank. The price comes out to […]
source https://therealdeal.com/2018/03/29/lightstone-buys-hilton-garden-inn-in-lic-for-60m/
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