Blackstone provided the debt
Tishman Realty has secured $190 million from Blackstone Mortgage Trust to refinance the InterContinental Times Square hotel, TRD reported. The property is located at 300 West 44th Street between Eighth and Ninth Avenues.
Loan Details: Blackstone assumed the existing loan, which was issued in 2014. The lender also provided a $7 million gap mortgage.
Property Details: With restaurants at its base, the property also contains 11,700 SF of space designated for business meetings. The 607-key hotel opened in 2010.