AJ Capital Partners inked a 65-year ground lease for a site on Roosevelt Island where the company and Cornell Tech are building a 224-key hotel. The lease includes a site adjacent to the Verizon Executive Education Center on North Loop Road where the firm and University are developing a Graduate-branded hotel. The deal is valued at $113 million, which would mean installments of $1.7 million each year — if paid equally across six-and-a-half decades. According […]
source https://therealdeal.com/2018/03/16/aj-capital-partners-inks-65-year-ground-lease-for-cornell-tech-hotel/
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