960 Sixth Avenue

960 Avenue of the Americas
New York, NY 10001

HOTEL AND RETAIL CONVERSION

Hidrock acquired a defaulted note secured by this 16-story office building in 4th Quarter of 2009 and completed its foreclosure of the mortgage in 2nd Quarter of 2010. By 2nd Quarter of 2011, Hidrock had vacated the property, completed plans for conversion of the property from office to hotel, secured Courtyard by Marriott as the hotel’s flag, closed on the construction loan and commenced construction. By the end of 2011, Hidrock had signed leases for a reconfigured retail space with Bank United and a new rooftop bar with Monarch Lounge. The hotel opened in 2nd Quarter 2013 and Hidrock sold its interest in the property in 1st Quarter of 2015 at a valuation of $132 million.

  • 16-story, 167-room Hotel; 10,000 SF Retail; 4,000 SF Rooftop Lounge
  • Herald Square Submarket