MCR, Island Capital close $260M refi for Sheraton New York Times Square
Hotel Business
NOVEMBER 15, 2023
MCR Hotels and Island Capital Group (Island) have closed on a $260-million refinancing loan for the 1,780-key Sheraton New York Times Square. The Sheraton New York Times Square is located in Midtown Manhattan at the northern end of the prime Times Square retail corridor. JLL’s Hotels & Hospitality group arranged the financing.
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