This is how Westbrook is funding its buy of the Union Square W Hotel

Westbrook Partners has secured a $100 million loan to fund its purchase of the W New York Union Square hotel. HSBC is providing the loan for the 20-story building at 201 Park Avenue, according to Commercial Observer. The loan amount will cover 60 percent of the $165.5 million Westbrook paid for the building. The Real Deal reported when the company was close to signing a hard contract in May. Westbrook paid $20 million less than […]

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