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  2. The City Investment Fund, a joint venture between Morgan Stanley Real Estate and Fisher Brothers, bought the Crowne Plaza in 2006 and renovated it again two years later. Vornado Realty Trust then acquired majority ownership of the hotel in 2015. The hotel closed in 2020 due to the COVID-19 pandemic in New York City and reopened in 2022.

  3. Feb 16, 2022 · Vornado owned all the land under the building except for the small slice purchased by SL Green. It snatched up the 11,000-square-foot parcel — about one-quarter of the total ground footprint —...

    • Who owns Crowne Plaza Times Square Manhattan?1
    • Who owns Crowne Plaza Times Square Manhattan?2
    • Who owns Crowne Plaza Times Square Manhattan?3
    • Who owns Crowne Plaza Times Square Manhattan?4
    • Who owns Crowne Plaza Times Square Manhattan?5
  4. Apr 13, 2022 · New York. SL Green ordered to sell Times Square hotel stake to Andrew Penson. REIT purchased parcel under shuttered Crowne Plaza for $121M. SL Green's Marc Holliday and Andrew Penson,...

  5. Nov 17, 2021 · At the heart of the struggle is a complex ownership structure governing the Crowne Plaza, at 1601 Broadway between West 48th and West 49th streets. Vornado owns about three-quarters of the...

  6. Dec 29, 2022 · New York. Besides the pandemic, Argent blamed the financial woes on a “burdensome” licensing agreement with InterContinental Hotels Group for use of its Crowne Plaza brand, and on a complex...

  7. 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. Assets estimated between $100 million and $500 million.

  8. Dec 30, 2022 · Andrew Coen can be reached at acoen@commercialobserver.com. Keywords: Andrew Penson, Argent Ventures, Crowne Plaza Times Square, SL Green, Vornado Realty Trust. The owners of the Crowne Plaza Hotel in Times Square filed for Chapter 11 bankruptcy protection amid mounting legal and fiscal challenges.

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