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Thursday, February 19, 2015

Lightstone Committing $2 Billion to Hotel Projects

A New York Moxy hotel property that Lightstone Group is building, with 348 keys, will be on 28th Street between 6th and 7th Avenue. Source: Lightstone Group LLC via Bloomberg -- David Lichtenstein, whose real estate company owned Extended Stay Hotels when the chain went bankrupt, is committing $2 billion to developing and investing in lodging properties.

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