InterContinental New York ownership could seek refinancing

The owners of the InterContinental New York Times Square have exercised the first of four one-year extension options on a $188 million conduit loan. The borrower is likely buying time to find suitable refinancing, Sean Barrie, a research analyst at Trepp, told Real Estate Capital.  “The financials on this deal are exemplary,” he said. “This doesn’t look like the borrower […]