BD Hotels Nabs $75M Construction Loan For West Palm Beach Hotel

Barchart · 10/18 18:02
BD Hotels has landed a $75M construction loan for The Nora Hotel in West Palm Beach, the firm's first venture beyond its New York City stomping grounds. The hotelier, in partnership with NDT Development, Place Projects and Wheelock Street Capital, secured the loan from Metropolitan Commercial Bank, according to a press release. BD Hotels is known for Big Apple boutique hotels The Greenwich, The Bowery, The Mercer and Hotel Chelsea. The 201-room Nora Hotel will rise at 1021 North Railroad Ave., the first vertical building in the upcoming Nora District mixed-use development from the NDT, Place and Wheelock Street team. Key amenities include...