More NYC hotel loans are defaulting as room rates fall
New York City has seen a spate of high-profile hotel loans go into default in recent months, and challenging...
Hotel Market
The Latest
Hotel owner says competition, not union deal, led to closure
Earlier this month Blakely Hotel employees ratified their first union contract. A week later the hotel’s owner told them...
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...
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...
« Previous
Next »