Allen Gross, owner of Ace and Beekman hotels, expecting $12M PPP loan

Another New York City real estate player is getting federal funds to help it weather the coronavirus crisis. Allen Gross’ GFI Capital Resources Group has “completed the filing process and met the prerequisites” to receive $12 million in Paycheck Protection Program funds, the company disclosed to the Tel Aviv Stock Exchange on Wednesday. A $7.1 million portion has been approved so far, which GFI expects to receive in the coming week. The company’s hotel holdings

source https://therealdeal.com/2020/04/22/allen-gross-owner-of-ace-and-beekman-hotels-expecting-12m-ppp-loan/