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New York Hotels Get Loan Extension, Long Island Office Complex Misses Payoff, Debt Turns Delinquent Despite Full Occupancy

A Weekly Look at the Commercial Mortgage-Backed Securities Business
The Hampton Inn Chelsea in New York is one of seven hotels on which loan maturity was extended. (CoStar)
The Hampton Inn Chelsea in New York is one of seven hotels on which loan maturity was extended. (CoStar)
CoStar News
February 22, 2024 | 3:07 P.M.

This week’s column covers a portfolio of New York hotels winning an extension on a $290 million loan, a missed loan payment for an architectural icon on Long Island and trouble at two New York buildings where occupancy is at 100%. Read the entire piece by clicking “read more” below.

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