Allen Gross and the investment firm Elliott Management Corp. closed on their $420 million purchase of NoMad’s Parker New York hotel with financing from Bank of the Ozarks. Gross’ GFI Capital Resources Group and Elliott Management plans to pump an additional $100 million into renovating the 37-year old hotel south of Central Park at 119 West 56th Street, the Wall Street Journal reported. The new owners may convert many of the 729 hotel rooms into […]
source https://therealdeal.com/2019/01/24/bank-of-ozarks-finances-gfi-elliott-managements-parker-new-york-buy/
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