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…
Access this content FREE on by Logging in or Registering Now

Related Posts