Times Square Edition Hotel Hits Auction Block: CBRE has been retained by lenders to assist with the court-ordered auction of the ground lease interest in 701 Seventh Ave. in New York, also known as the Times Square Edition Hotel or 20 Times Square. The real estate firm has launched a website with information about the property and foreclosure. The auction includes the rights to use the LED sign on the facade of the hotel. The 452-room property is owned by a joint venture of Maefield Development and Fortress Investment Group. Representatives from the two firms did not immediately respond to requests for comment. Nor did CBRE brokers handling the sale.
Times Square Edition Hotel Hits Auction Block, Green Bonds Offered on New York’s Only $1 Billion Pandemic Sale, RLJ and Noble Buy Rebounding Hotels
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CoStar News
January 13, 2022 | 2:43 P.M.
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IN THIS ARTICLE
- Properties
- The Times Square EDITION
701 7th Ave, New York, NY
- Hudson Commons
441 Ninth Ave, New York, NY
- MOXY Denver Cherry Creek
240 Josephine St, Denver, CO
- Hampton Inn Savannah-Historic District
201 Bay St, Savannah, GA
- Holiday Inn Express Savannah-Historic
199 Bay St, Savannah, GA
- Companies
- RLJ Lodging Trust
Real Estate