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Lowell Hotel Gets $106M Boost | Real Estate News
The Lowell Hotel just got a $106 million lifeline from Blue Owl Capital, unlocking financial breathing room while its owners push ahead with a bold Madison Avenue hotel conversion—turning a 21-story office tower into a 30-story luxury property with 96 rooms. Amid NYC’s tightening hotel development rules and a shrinking supply of new hotels, established properties like the Lowell are thriving with higher occupancy and prices, making smart moves like this not just strategic—but profitable. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on…
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