Capstone and Highgate’s Maxwell hotel facing foreclosure – Robert Khodadadian

The shuttered Maxwell hotel in Midtown is facing foreclosure, the second big hospitality property to suffer that fate in as many days. Real estate private equity firm Yellowstone Real Estate Investments filed Tuesday to foreclose on the 697-room hotel at 541 Lexington Avenue, court records show. Joshua Roshanzamir’s Capstone Equities and Highgate Hotels bought the hotel for nearly $183 million in 2018, according to property records. Yellowstone’s lawsuit, however, lists Dune Real Estate Partners as

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, Midtown, sures The Real Deal New York Read More

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