Tallying crisis’ toll on MRR Development’s Hotel Indigo

Unlike many New York hotels, Hotel Indigo Lower East Side has kept its doors open during the coronavirus pandemic. But new financial disclosures show the last few months have cut deeply into the MRR Development-owned property. In March, following the shutdown of bars and restaurants across the state, the hotel furloughed 80 percent of staff, according to the company’s first quarter earnings report published Wednesday on the Tel Aviv Stock Exchange. The hotel rehired some

source https://therealdeal.com/2020/05/28/tallying-crisis-toll-on-mrr-developments-hotel-indigo/