Blakely Hotel may shut down, lay off 54 workers
Richard Born’s Blakely Hotel could shut down and lay off 54 employees this spring, according to a notice filed...
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Deadline is set for bids on Trump’s DC hotel
Potential buyers have until January 23 to bid on the Trump Organization’s controversial Washington, D.C. hotel. The firm marketing...
NYC’s strong hotel pipeline pushes down occupancy, revenue: report
UPDATED, Jan. 2, 2020, 9:05 a.m.: New York City’s booming hotel inventory includes 113 new developments set to open...
Sam Chang lands $250M loan for Midtown hotel project
Sam Chang has landed a $250 million loan for his upcoming project at 150 West 48th Street from S3...
Sapir Corp.’s stock drops in Tel Aviv
The NoMo SoHo hotel owned by the Sapir Corp. saw its net operating income fall in the third quarter, dragging down the company’s overall performance in the third quarter. In the last week, Alex...
Claremont Companies buys Soho Marriott for $59M
Claremont Companies has purchased a Marriott in Soho for $59.35 million, according to property records. The Massachusetts-based firm bought...
Long Island City hotel project moves forward with construction loan
A new hotel planned for Long Island City has landed a $46 million construction loan, according to sources familiar...
Toby Moskovits’ Williamsburg Hotel is headed for receivership following $68M loan default
Months after defaulting on a $68 million mortgage and failing to secure refinancing, Toby Moskovits’ Heritage Equity Partners is set to see management of...
David Marx lands $202M refi for Hudson Yards hotel
David Marx’s Marx Development Group secured a $202 million refinancing for its Hudson Yards hotel, which is scheduled to...
South Korean firm snaps up two Midtown hotels for $137M
Aju Hotels & Resorts is the buyer in the recent sale of two Midtown hotels of the former Chesapeake...
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