Commercial Observer Beach Point Capital Management has provided $120 million of construction financing for the proposed 401-room Voco hotel at 711 Seventh Ave. in Manhattan’s Times Square. The 32-story building is being developed on land that Atlas Hospitality of New York has leased under a 99-year agreement. It’s venturing on the hotels’ construction with Flintlock Construction […]

The post Venture Lines Up $120Mln Construction Loan for Times Square Hotel appeared first on Commercial Real Estate Direct.