Foreclosure looms at struggling Row Hotel – Robert Khodadadian

A foreclosure connected to one of New York’s biggest hotels is the latest sign of trouble in the city’s hospitality sector. Wells Fargo moved Monday to wrest control of the ground underneath the 1,331-room Row NYC Hotel from investor David Werner. The bank, acting as the trustee for bond investors who hold the $275 million mortgage on the Midtown property, said in a lawsuit filed in Manhattan that Werner started missing payments on the loan

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, david werner, foreclosures, wells fargo The Real Deal New York Read More

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