Hana Financial to sell loans tied to Manhattan office, hotel properties
Korean lender Hana Financial Investment is selling $173 million in debt tied to two prominent Manhattan assets. Hana is...
Hotel Market
The Latest
Extell makes its Diamond District hotel official
Hotels have faced their fair share of trouble during the pandemic, with some defaulting on their loans and others...
National Weekend Edition
Ski resorts gear up for tough season in the shadow of pandemic
Ski resort operators are gearing up for what could be a tough season. Operators are adopting measures that will...
City drops bid to require special permits for Union Square hotels
The de Blasio administration is abandoning its plan to require special permits for new hotel construction in Union Square...
National
Domio not shutting down, plans “financial re-engineering”
Reports of Domio’s demise have been greatly exaggerated, according to the company’s interim CEO. In response to a recent...
National
Short-term rental operator Domio shuts down
Short-term rental operator Domio is reportedly going out of business. The startup, which was founded in 2016, will shut down and sell its assets through an assignment for the benefit of creditors, with Sherwood...
New York hotel owners on the hook for $500M severance
Hotel owners in New York City are on the hook to pay more than $500 million to employees who...
Bulk co-op buy in the Bronx tops mid-market investment sales
Just three deals populated the middle of the investment market for the week ending Nov. 13. The transactions, which...
New York City hotels put strain on $3.1B in CMBS loans
More bad news for New York City’s hotels — and the loans they’re propping up — is on the...
National
Marriott CEO wants workers back in offices — and traveling for business
Arne Sorenson, Marriott International’s CEO and president, wants office workers to get back to business. On the company’s third...