The past eight months have been a wild ride for Maefield Development’s $2.4 billion mixed-use hotel and retail project at 20 Times Square, home to Marriott’s Times Square Edition hotel. The trouble started in December, when French bank Natixis — along with its many co-lenders — sought to foreclose on a $650 million leasehold mortgage they had provided in 2018 as part of a larger $2 billion package that enabled Maefield to buy out its
source https://therealdeal.com/2020/07/28/trd-insights-untangling-times-square-editions-gordian-knot-of-debt-claims/
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