COVID-19: GBTA to EU: Lift restrictions | Lux Manhattan hotel in default

One of Manhattan’s priciest hotels is in default The ownership of one of New York City’s most expensive hotels could go up for sale in a foreclosure auction in two weeks. Special servicer Wells Fargo issued a default statement on a US$115 million loan on the Mark Hotel in May after the mortgage borrower failed to make that month’s payment on the loan. The loan was transferred to special servicing in April. The Mark Hotel, owned by Alexico Group, is set to reopen this week and is home to the most expensive hotel room in the city.  More from Bisnow Billionaire’s Manhattan hotel to permanently…
Access this content FREE on by Logging in or Registering Now

Related Posts

Succeeding in F&B during COVID, Part 2
by Chloe Riley in Featured - September 20, 2021
In-room entertainment changes the channel
by Chloe Riley in Supplier News - September 18, 2021