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Quadrum paid $96M for the 147-room hotel, having been named by a bankruptcy trustee as the buyer in January.
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The purchase comes as the hotel industry posts double-digit annual price gains in most areas of the country.
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Industry professionals expect more companies will soon look at going public as a REIT after no such IPOs were completed in 2022.
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The hottest commercial real estate deals happening in Miami, Fort Lauderdale and Palm Beach counties.
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Benefit Street Partners loaned $68M to Tony Moskovits and Michael Lichtenstein in 2017.
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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.
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Gaw Capital Partners is renegotiating the large debt package on the financially troubled Chelsea hotel.
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The hiring is poised to strengthen CBRE's position as a major player in the M&A space.
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Just 29 short-term rentals have successfully registered with the city, a requirement of New York's Local Law 18.
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Debt on the iconic New Yorker Hotel has changed hands, with M&T Bank selling the $106M note it held on the property.
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