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New York

Rosen, Fuchs personally responsible for Shangri-La Hotel loan: amended complaint

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The lenders on Midtown’s Shangri-La Hotel have sued developer RFR Holding partners Aby Rosen and Michael Fuchs for at least $145.6 million. The lenders, ING Real Estate Finance and Swedbank AG, filed to foreclose on the hotel last month, but last week they amended the complaint to make Rosen and Fuchs personally liable for the loan and other fees. The developers were planning to build the Shangri-La Hotels and Resorts’ tower at 610 Lexington Avenue at 53rd Street.

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Aby RosenIng Real Estate FinanceMichael Fuchs