July 23, 2025
An entity connected to hospitality management and ownership company GF Hotels & Resorts sold off a New York City hotel to an entity connected to real estate company Hawkins Way Capital, in a $154.5 million deal advised by Perkins Coie LLP, according to official property records.
October 06, 2023
Secured lenders in the Chapter 11 bankruptcy case of a New York City hotel told a New York bankruptcy court that a disclosure statement for the reorganization plan is "inadequate" because it is short on details for how the hotel will stop housing migrants and misclassified a proof of claim.
January 30, 2023
A New York bankruptcy judge on Monday approved a contract between the bankrupt owner of a Holiday Inn in Manhattan's Financial District and a New York City agency to turn the hotel's 492 rooms into housing for migrant asylum-seekers, saying the upsides of the deal outweigh the risks.
January 27, 2023
The bankrupt owner of a Holiday Inn in Manhattan's financial district Friday asked a New York bankruptcy judge to approve a contract to turn the hotel's 492 rooms into housing for migrant asylum-seekers for the next 16 months.
November 29, 2022
The owner of the 492-room Holiday Inn in Manhattan's Financial District filed for Chapter 11 protection in a New York bankruptcy court Tuesday, saying it was facing receivership after defaulting on a $137 million loan thanks to the COVID-19 pandemic.