Argent Ventures Secures $212M Refinance Loan From H&R REIT At Crowne Plaza

The Crowne Plaza Times Square Manhattan hotel building, located at 1601 Broadway in Midtown West, Manhattan, has secured a $212 million refinancing loan from H&R REIT. The loan was facilitated by Times Square Portfolio Inc., with the landlord being Andrew S. Penson of Argent Ventures.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $212,000,000
• Asset Type: Hotel
• Lender: H&R REIT
• Landlord: Andrew S. Penson - Argent Ventures
• Address: 1601 Broadway
• Market: Midtown West, Manhattan
• Loan Type: Refinance

Argent Ventures, represented by 1601 Broadway Owner LLC, successfully secured the refinancing loan for the Crowne Plaza Times Square Manhattan hotel building, emphasizing a strategic financial move in partnership with H&R REIT. The involvement of Times Square Portfolio Inc. further highlights the collaborative effort behind the deal.