What's the Latest in Development at the Airport?

Real estate website and information services provider CoStar reports today that New York-based NorthMarq, which obtains financing for development projects, has arranged for a $68.5 million refinancing for the New York Hilton Hotel at JFK Airport.

Information on the 356-room hotel can be found on the Hilton website HERE.

CoStar says that Ernest DesRochers, senior vice president and managing director of NorthMarq's New York City office, arranged the loan for the Hilton with RBS Global Securities, for a 10-year term and 30-year amortization schedule.

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