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Briefs: More troubled NYC hotels | Wynn share offering

Jingle mail for 2 NYC hotels?: Hartz Mountain billionaire Leonard Stern is reportedly ready to hand over the keys to the lender to the Soho Grand and Roxy Hotel in New York City, according to a report by The Real Deal, citing notes on the hotels’ securitized loan. Stern has requested to transfer the hotels to the special servicer on the US$110 million loan via a deed-in-lieu of foreclosure. Read Real Deal report Wynn raising shares: Wynn Resorts announced Monday that it’s selling up to 6.32 million shares of equity to bolster cash. News of the share sale comes after…
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