New York, NY
$50,000,000
RHF funded a first mortgage loan to finance the centrally located, 302-room hotel in Midtown Manhattan. RHF looked past the on-going pandemic distress to originate a low basis loan on a quality asset in the nation’s largest and most dynamic hospitality market. The hotel benefits from its location steps away from Grand Central and numerous leisure and corporate demand generators in Midtown East, Manhattan’s premier business district.