Flintlock Construction & Atlas Hospitality Secure $120M Loan For Times Square Hotel

Flintlock Construction and Atlas Hospitality, in a joint venture, have secured $120 million in construction financing for a 32-story voco-branded hotel in Times Square. The hotel, located at 711 Seventh Avenue, will consist of 401 keys and is set to be built on this prime property in the bustling Times Square market.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $120,000,000
• Address: 711 Seventh Avenue
• Market: Times Square
• Keys: 401

Beach Point Capital Management provided the construction financing for this project, serving as the lender for Flintlock Construction and Atlas Hospitality. This funding will enable the joint venture to bring their vision of the voco-branded hotel to life in the heart of Times Square, catering to the high demand for accommodations in this iconic location.