A company controlled by Qatar’s ruling family landed a $290 million loan for the 689-key Manhattan at Times Square hotel. The firm, Al Rayyan Tourism Investment Company (ARTIC), is a subsidiary of Al Faisal Holdings, which is operated by the ruling Al Thani family. The company acquired a 97 percent stake in the building for $535 million in 2015. At the time of the purchase, the company was rumored to be eyeing a full demolition […]
source https://therealdeal.com/2018/07/20/qatari-firm-lands-290m-loan-for-times-square-hotel/
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