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Times Square Luxury Hotel Heads to Auction in Foreclosure Sale - Bloomberg

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The Times Square Edition, a luxury Manhattan hotel, is headed to auction after a New York State court entered a judgment of foreclosure and sale.

The property -- including the 42-story hotel, retail space and digital billboard -- was once valued at more than $2 billion, and has been the subject of a long-running dispute between owner Maefield Development and a group of lenders led by Natixis SA

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November 16, 2021 at 05:32AM
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Times Square Luxury Hotel Heads to Auction in Foreclosure Sale - Bloomberg
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