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NEW YORK CITY — PCCP has arranged a $65 million loan for the acquisition and repositioning of Cassa Hotel, on behalf of China-based HNA Property Holding Group. The 165-room luxury hotel is located at 70 W. 45th St. in New York City. The loan is secured by the lower 24 stories and basement levels of a 45-story tower, with floors 25 to 45 consisting of residential condo units that are not collateral for the loan. In addition to the hotel rooms, the property includes 11,000 square feet of restaurant space leased to BLT Restaurant and 1,100 square feet of meeting space. HNA plans to renovate and rebrand the hotel, which Viceroy Hotel Group will manage.