MCM unloads nonunion Manhattan hotel portfolio for $490M

A Rhode Island-based hotel investor unloaded a portfolio of four Manhattan hotels for $489.8 million. A fund managed by MCM, ...
The Points Guy

First look: Inside the new Hyatt Regency Times Square — NYC's first Hyatt Regency property

There's a new hotel in New York City located in the heart of the city's vibrant theater district. Here's what it's like at ...
Crain's New York Business

Quartet of Manhattan hotels sells for nearly $500M in blockbuster deal

Magna sold the Motto for roughly $222 million and the Garden Inn for roughly $115 million, while it sold the leasehold ...
Crain's New York Business

Motel 6 owner and big hotel manager fight over Times Square property

OYO is a major hotel owner that late last year acquired Motel 6 from Blackstone Group for $525 million. It’s also nearly 50% owned by venture giant SoftBank, which invested in the company six years ...
Commercial Observer

Yellowstone Files Pre-Foreclosure at Times Square Hotel Over $45M Loan

Yellowstone Real Estate Investments is cracking the whip on a hotel near Times Square. The filing claims that Singh defaulted on a $44.5 million loan for the property, which Yellowstone originated in ...