Page 5 - Solil Management News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Gramercy Park Hotel at 2 Lexington Avenue and RFR Realty’s Aby Rosen (Google Maps; Getty) A $75 million loan tied to the Gramercy Park Hotel sold to an anonymous buyer. JPMorgan Chase sold the debt, which has a maximum principal amount of $75 million, to RDAC 8 LLC, according to PincusCo. The loan is secured by the Gramercy Park Hotel. Just last month, Artnet reported that the hotel’s owner, Aby Rosen’s RFR Holding, owes $900,000 in ground lease payments on the property. A notice on the hotel’s door at the time stated that if Rosen does not pay by Dec. 28, his hotel could face evi...

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Gramercy Park Hotel lobby. Photo by Marianna Massey/Corbis via Getty Images. This year it’s been crickets at the Gramercy. When the lockdown began, sources reported that the grand hotel—where every guest gets coveted access to the eponymous residents-only park—had occupancy in the “single digits.” The hotel stopped taking clientele soon after the March shutdown, and planned for a reopening when vaccinations let the fashion-forward get back on that diet of gallery shindigs in fancy hotels. Gramercy Park Hotel. Photo by Marianna Massey/Corbis via Getty Images. Now, it appears that the...