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ons. "The hotel owners and investors have been asked to put in more cash, and that's why we haven't seen more defaults," Mr. Hanson, a professor at New York University's Preston Robert Tisch Center for Hospitality, Tourism and Sports Management, told Crain's. Banks also aren't eager to own hotels, so they are making
bor Life is seeking. The Gramercy Park Hotel isn't the only hospitality property that is struggling. In an article to be published in this Monday's Crain's New York Business, hospitality expert Bjorn Hanson estimates that last year about half the city's hotels didn't generate enough cash to pay their
ble. Noted hotel impresario Ian Schrager and commercial landlords Aby Rosen and Michael Fuchs have defaulted on a loan for the Gramercy Park Hotel, Crain's New York Business has learned. Lender Union Labor Life Insurance is now quietly marketing the loan, but sources with knowledge of the debt offeri
ons. "The hotel owners and investors have been asked to put in more cash, and that's why we haven't seen more defaults," Mr. Hanson, a professor at New York University's Preston Robert Tisch Center for Hospitality, Tourism and Sports Management, told Crain's. Banks also aren't eager to own hotels, so they are making
y Park Hotel isn't the only hospitality property that is struggling. In an article to be EFTA_R1_01470953 EFTA02410274 published in this Monday's Crain's New York Business, hospitality expert Bjorn Hanson estimates that last year about half the city's hotels didn't generate enough cash to pay their
ble. Noted hotel impresario Ian Schrager and commercial landlords Aby Rosen and Michael Fuchs have defaulted on a loan for the Gramercy Park Hotel, Crain's New York Business has learned. Lender Union Labor Life Insurance is now quietly marketing the loan, but sources with knowledge of the debt offeri
ps with Wexner and others have provided him witt education. Epstein briefly studied physics at The Cooper Union for the Advancement of Science and New York University's Courant Institute of Mathematical Sciences but never graduated fro Sources close to Epstein say he found the traditional college environment stiflin
theaters, art galleries, and universities. It's enough so that the Chicago Tribune describes him as a "Chicago money manager and philanthropist" and Crain's Chicago Business places him on its list of "Who's Who of Chicago Executives." But when tax time comes around and Mr. Driehaus has to file with th
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