Keen-Summit Capital Partners LLC, a reputable real estate brokerage and investment banking firm based in New York, has partnered with Berkadia Hotels & Hospitality to present an enticing opportunity for acquiring the senior secured mortgage and note on The Cassa Hotel. This closed hotel is situated at 70 West 45th Street in Midtown Manhattan and boasts of a luxurious condominium with 165 rooms.
According to Harold Bordwin, principal at Keen-Summit Capital Partners, this property offers an exceptional investment prospect in one of the most sought-after lodging markets globally. Its prime location coupled with significant potential for value-addition makes it a unique opportunity for investors.
The foreclosure process initiated by two mortgage holders will pave the way for selling the subject note alongside foreclosure proceedings. This presents buyers with an avenue to acquire fee title ownership upon closing. Interested parties are invited to submit their offers by June 21st.
This news was originally published on Connect CRE’s website.
