LNR Partners affiliate pays $36M for deed to Yonkers hotel property

Sign Up for the undefined Newsletter

A Yonkers property that houses a Hampton Inn & Suites is now owned by a Delaware-based limited liability company, the Daily Voice Plus reported. GSMS 2014-GC24 Corporate Drive LLC bought the deed to 160 Corporate Boulevard for $35.8 million, according to the outlet, citing documents filed with the Westchester County Clerk’s Office. The LLC is owned by Miami Beach-based LNR Partners, which in May agreed to sell a Connecticut shopping mall for almost $60 million. The purchase comes a year after Wells Fargo sought to foreclose on a $25.8 million mortgage loan on behalf of a mortgage securities entity, naming FSG Yonkers Hotel LLC, the Yonkers Industrial Development Agency and others as defendants, the DVP reported. The Hampton Inn & Suites opened its doors in 2009 and remains in operation, so it was not immediately clear what plans the new owners of the property have for it. [DVP]