GEMINI ACQUIRES THREE PERFORMING NYC HOTEL LOANS

by admin

NEW YORK CITY — Gemini Real Estate Advisors has acquired the notes to three hotels located in Midtown Manhattan, New York City. The performing loans have a combined par value of $43 million. The underlying hotels are select service and boutique properties that contain a total of 173 rooms. They are located in close proximity to Rockefeller Center, Broadway and Times Square. The acquisition price and the seller's name were undisclosed.

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