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Mack Real Estate CEO Richard Mack and one of his new hotels at 51 Nassau Street. (Getty, ING)

Mack Real Estate takes over 7 distressed Manhattan hotels

Mack Real Estate has gained control of a seven-hotel portfolio for what appears to be a major discount. The...

Mack Real Estate takes over 7 distressed Manhattan hotels
Larry Korman and Joe Lubeck (iStock)
National

Electra America, AKA launch $500M hotel fund

A multifamily investment firm and a luxury hotel residences company have partnered to launch a $500 million hotel investment...

Electra America, AKA launch $500M hotel fund
Heritage Equity Partners' Toby Moskovits and the Williamsburg Hotel at 96 Wythe Avenue (Moskovits via Sasha Maslov; Hotel via Williamsburg Hotel)

Toby Moskovits’ Williamsburg Hotel enters bankruptcy

 Toby Moskovits’ distressed Williamsburg Hotel has entered into bankruptcy. Heritage Equity Partners, under the LLC 96 Wythe Acquisition, filed...

Toby Moskovits’ Williamsburg Hotel enters bankruptcy
ASAP Holdings CEO Frank Yuan and LaGuardia Marriott

LaGuardia Marriott and development site combo sell for $100M

New York LaGuardia Airport Marriott and a massive development site have sold for a combined $103 million. The 443-key...

LaGuardia Marriott and development site combo sell for $100M
525 Lexington Avenue and Deka bank CEO Michael Rüdiger (Photos via Google Maps, Getty Images)

German lender forecloses on East Side Marriott hotel

How do you say “unhappy marriage” in German? Frankfurt-based DekaBank moved this week to foreclose on the former New...

German lender forecloses on East Side Marriott hotel
News of President-elect Biden’s $1.9T stimulus plan held promise for employment and economic activity. (Getty)
National

Real estate stocks hold gains even as market doesn’t

Real estate stocks ended the week in positive territory while the broader market gave up its gains after President-elect...

Real estate stocks hold gains even as market doesn’t
Photo illustration of Aliz Hotel at 310 West 40th Street (Google Maps)

From lender with love: Bond-themed hotel sued for $40M

It’s a view to a bill: A lawsuit says a Midtown hotel with a James Bond-themed bar owes $40...

From lender with love: Bond-themed hotel sued for $40M

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