Rendering of the Hyatt Union Square Hotel

Hersha Hospitality Trust has completed a $55 million floating rate loan provided by Natixis Real Estate Capital for its Hyatt Union Square Hotel, Cushman & Wakefield announced today.  [more]

From left: a guest room at the Hyatt Union Square and a guest room at the Jade Hotel

Two new hotels are slated to open this spring in Union Square, though they come as delayed debuts in the wake of Hurricane Sandy, Crain’s reported. One of them is the 113-room, 18-story Jade Hotel, which was preparing for its peak-season opening when Sandy made landfall; the other is the 178-room, 11-story Hyatt Union Square. They will open in March and April, respectively. [more]