DHA Capital and Heng Sang Realty have shelved plans to convert the residential portion of the Cassa Hotel in Hell’s Kitchen to condominiums. The firms jointly purchased the building’s 108 extended-stay apartments for $80.5 million last November, with DHA’s involvement in the deal kept under wraps. In spite of the disclosure of DHA’s stake, both sides declined to disclose their share of the project. The partners funded the acquisition with a $50 million loan from […]
source https://therealdeal.com/2018/04/11/dha-heng-sang-nix-condo-conversion-plans-for-cassa-hotel/
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