The $35-million loan from Western Alliance Bank helps fund the recent $60-million purchase of the Hilton Garden Inn on 41st Avenue in Long Island City. The $35-million loan from Western Alliance Bank helps fund the recent $60-million purchase of the Hilton Garden Inn on 41st Avenue in Long Island City.

NEW YORK CITY—Lightstone reports it has secured acquisition financing for its recent purchase of the Hilton Garden Inn in Long Island City as well as a new $140-million credit facility that supports the three-year expansion of the firm’s national hospitality portfolio.