Crime & Safety
MC Hotel In Montclair Gets $26.5M Loan, Report Says
The 150-room Montclair hotel is slated to open in the third quarter of 2017.
Montclair, NJ – The MC Hotel in Montclair is the recipient of a $26.5 million loan from PMZ Realty Capital, a national real estate banking firm, according to a release.
The 150-room hotel, which is slated to open in the third quarter of 2017, will feature 7,500 square feet of office space, a farm-to-table restaurant, rooftop bar, lobby and outdoor plaza, REBusinessOnline.com reported on Thursday.
- See related article: Design Plans Unveiled for ‘The MC,’ Montclair’s New Hotel
The hotel will be part of the Autograph Collection, Marriott International’s exclusive portfolio of independent hotels.
Find out what's happening in Montclairfor free with the latest updates from Patch.
- See related article: Plans for The MC Hotel Move Forward in Montclair
The Montclair Township Council has been considering offering a payment in lieu of taxes (PILOT) agreement to the developers of the MC Hotel, The Pinnacle Companies.
- See related article: Montclair Considering PILOT Agreement For MC Hotel
Send Montclair news tips and press releases to eric.kiefer@patch.com
Find out what's happening in Montclairfor free with the latest updates from Patch.
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