Wednesday 25 September 2019

Brookfield drops $83M on Hell’s Kitchen hotel

Brookfield Property Partners picked up a hotel along 11th Avenue in Hell’s Kitchen for $82.7 million. The seller was PGIM Real Estate, property records show. And United Overseas Bank Limited provided Brookfield with $67.5 million in financing for the deal. Brookfield confirmed the acquisition but declined to comment. PGIM did not immediately return requests for comment. JLL advised PGIM on the sale and secured financing for Brookfield, according to Hotel Business, which first reported the



source https://therealdeal.com/2019/09/25/3726755/

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