Extell’s massive mixed-use hotel project in Times Square has secured a $1.31 billion financing package, including a $1.1 billion construction loan led by JPMorgan Chase, according to a filing the developer made Thursday with the Tel Aviv Stock Exchange.
Extell secures financing for Times Square tower
Hotel project features 1,800 rooms, observation decks and amusement ride
By Andria Cheng
CoStar NewsSeptember 11, 2026 | 9:11 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- The Torch
740 8th Ave, New York, NY
- Companies
- Extell Development
Construction