Barry Sternlicht’s Starwood Capital has landed a $162.5 million loan from Singapore-based United Overseas Bank for its hotel at 1414 Sixth Avenue, according to property records. The hotel, known as 1 Hotel Central Park and located right by Central Park South, stands 18 stories tall and contains 229 rooms, and United Overseas Bank provided Starwood with $37.5 million in new financing for the project. Starwood purchased the Midtown building in 2011 for $72 million with […]
source https://therealdeal.com/2018/05/22/starwood-scores-163m-loan-for-1-hotel-central-park/
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