It seemed like the hotel project that couldn’t fail. But new documents filed as part of a state and federal lawsuits show that the owners of the NoMad hotel at 1170 Broadway neglected to repay more than $100 million owed to lenders and equity investors starting in late 2018, Commercial Observer reported. Andrew Zobler’s Sydell Group and Make It Nice own the hotel through a ground lease with the Haddad Organization, which is suing the […]
source https://therealdeal.com/2019/04/19/owners-of-nomad-hotel-failed-to-pay-100m-to-lenders-and-investors/
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