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 new financing was provided by funds managed by affiliates of Fortress Investment Group LLC. The JLL team was led by Davis, Managing Director Mark Fisher and Analyst Russell Freed.
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