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Dec 30, 2022 · It seems like a less-than-happy new year for Argent Ventures’ newly reopened Crowne Plaza Hotel in Times Square. The owners of the financially strapped hotel filed for Chapter 11 bankruptcy protection on Wednesday amid mounting legal challenges, The Real Deal reported Thursday.
- Andrew Coen
Jan 3, 2023 · According to bankruptcy filings, the debt is $526 million on the building, which includes a 795-room hotel, 196,300 square feet of office space and 17,800 square feet of retail.
- Stephi Wild
Aug 14, 2023 · The troubles at Margaritaville Resort Times Square -– a 34,271-square-foot, 234-key hotel located at 560 Seventh Avenue — began in March, when a missed $57 million loan payment triggered a default of Soho Properties interest in the hotel.
Jul 10, 2023 · The owner of New York’s Margaritaville Resort Times Square hotel has filed for Chapter 11 bankruptcy protection in a move aimed at preventing a planned Monday foreclosure auction on the...
Dec 29, 2022 · Corporate entities that own and operate a Times Square building and an attached Crowne Plaza hotel filed for bankruptcy in New York on Wednesday. The bankrupt entities have secured debt in excess of $520 million, per court papers.
- jhill273@bloomberg.net
- Bloomberg News
Oct 24, 2023 · Lender Arden Group won a Uniform Commercial Code foreclosure auction for the Margaritaville Resort Times Square Hotel as the lone bidder last week, three months after its owner, Sharif El-Gamal’s Soho Properties, filed for Chapter 11 bankruptcy protection.
Dec 29, 2022 · The owners of the recently reopened Crowne Plaza Hotel in Times Square filed for Chapter 11 bankruptcy protection Wednesday in an effort to resuscitate the ailing and lawsuit-plagued...
