Craig A. Spencer Of Arden Group Secures $142 Million Loan For Margaritaville Hotel In Times Square

560 Seventh Avenue

$142,000,000

Building Size

—

Asset Type

Hotel

Closing

Aug 19, 2025

AI

The property asset involved is the 234-room Margaritaville Hotel located at 560 Seventh Avenue in Times Square. OWS Real Estate Finance provided a mortgage loan amounting to $142 million for this hotel asset owned by Arden Group.

Summary of transaction details:

Property Type: Hotel
Transaction Amount: $142,000,000
Market: Times Square
Lender: OWS Real Estate Finance
Landlord: Craig A. Spencer - Arden Group

The deal involves Craig A. Spencer representing Arden Group as the landlord in this transaction, with OWS Real Estate Finance being the lender facilitating the mortgage loan.

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