Citizens Bank’s commercial banking arm announced this week that it is financing the construction of a 340-room Marriott Moxy Hotel in downtown Boston.

Citizens Commercial Banking was the lead left arranger of the four-bank group providing financing to TS Lodging LLC/Norwich Partners. Citizens provided a $70 million loan.

“Citizens has been a great strategic and financial partner on this project and we’ve worked with them very closely for many years,” David Leatherwood, president and partner of Norwich Partners, said in a statement. “We appreciate their expertise and quick execution on transactions like this.”

Norwich Partners has developed more than two dozen chain-affiliated hotels across New England and Florida. The Marriott Moxy Hotel at the corner of Stuart and Tremont streets will be 142,400 square feet and 25 stories. It will feature an illuminated rooftop lounge with views of Boston Common, a second-to-third floor “Time Square”-style video board, a 24-hour “grab & go” café, coffee bar, restaurant and lounge. Marriott Moxy is a relatively new brand featuring high-end micro-hotel rooms with extensive common amenities for patrons, top-of-the-market WiFi connections and state-of-the-art technology.