One distressed NYC hotel has been approved as a shelter for some of the city’s migrants, as the city reaches breaking point trying to house its new arrivals.
Quadrum paid $96M for the 147-room hotel, having been named by a bankruptcy trustee as the buyer in January.
The purchase comes as the hotel industry posts double-digit annual price gains in most areas of the country.
Industry professionals expect more companies will soon look at going public as a REIT after no such IPOs were completed in 2022.
The hottest commercial real estate deals happening in Miami, Fort Lauderdale and Palm Beach counties.
Benefit Street Partners loaned $68M to Tony Moskovits and Michael Lichtenstein in 2017.
Loan payments, needed renovations and investor capital on the sidelines are coming to a head, a dynamic hotel executives say will lead to surging deal flow.
Gaw Capital Partners is renegotiating the large debt package on the financially troubled Chelsea hotel.
The hiring is poised to strengthen CBRE's position as a major player in the M&A space.
Just 29 short-term rentals have successfully registered with the city, a requirement of New York's Local Law 18.
We're not asking for your money. This is not a step towards a paywall. Our news is free and we intend to keep it that way.