Crowne Plaza Times Square Hotel owners file for bankruptcy – Robert Khodadadian

, Crowne Plaza Times Square Hotel owners file for bankruptcy – Robert Khodadadian, Robert Khodadadian

The owners of the recently reopened Crowne Plaza Hotel in Times Square filed for Chapter 11 bankruptcy protection Wednesday in an effort to resuscitate the ailing and lawsuit-plagued business. Andrew Penson’s Argent Ventures wants to reorganize the finances of the hotel’s home, 1601 Broadway, having gained control of the 46-story tower in the heart of Times Square by vanquishing office giant SL Green in court and replacing Vornado Realty Trust. Penson had elbowed his way

 The owners of the recently reopened Crowne Plaza Hotel in Times Square filed for Chapter 11 bankruptcy protection Wednesday in an effort to resuscitate the ailing and lawsuit-plagued business. Andrew Penson’s Argent Ventures wants to reorganize the finances of the hotel’s home, 1601 Broadway, having gained control of the 46-story tower in the heart of Times Square by vanquishing office giant SL Green in court and replacing Vornado Realty Trust. Penson had elbowed his way
The post Crowne Plaza Times Square Hotel owners file for bankruptcy appeared first on New York.  Commercial Real Estate, Home Page, Andrew Penson, argent ventures, bankruptcy, breaking, Hotel Market, Real Estate Finance, SL Green, Times Square The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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See also  JLL Markets Auction of Family-Owned Portfolio in West Village, SoHo on November 22, 2022 at 9:58 pm Connect CRE – Robert Khodadadian

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