From lender with love: Bond-themed hotel sued for $40M

first_imgEmail Address* Full Name* Photo illustration of Aliz Hotel at 310 West 40th Street (Google Maps)It’s a view to a bill: A lawsuit says a Midtown hotel with a James Bond-themed bar owes $40 million.Cindy Zhang, a non-secret agent for the lender, alleged in a complaint filed Jan. 9 that Abraham Noy, owner of the 297-key Aliz Hotel at 310 West 40th Street in Midtown, defaulted on a loan that came due in November.Noy developed the hotel in 2014. In 2018 YJR Group inked a lease for the 6,900 square-foot rooftop bar, which underwent a James Bond-themed redesign.The lawsuit, by NY Manhattan 40th St. Lenders, alleges that in addition to defaulting on the mortgage, Noy failed to bond numerous liens, preventing sale of the property. The liens, from 2015 to 2019, total more than $2 million, according to the state court filing.The suit also asserts that a 2019 judgment for a $637,000 lien was not paid. It says Noy created a separate entity to operate the hotel without the lender’s consent and hasn’t filed accounting reports to the lender on the hotel’s revenue or occupancy.Read moreMariott hotels sued by NYC landlordMirae wins case over scrapped $5.8B hotel dealJudge dismisses lawsuit against Chelsea hotel Share via Shortlink Message*center_img Attorneys for the lender declined to comment. The plaintiff’s attorney did not respond to a request for comment.In response to the notice of default, attorneys for the borrower, in a letter filed with the complaint, called the default “improper” because the borrower had exercised a contractual right to extend the terms of the loan.The letter also said that when the borrower asked what additional documentation was needed to extend the terms of the loan, it was not met with any “coherent response.”“This predatory conduct in and of itself constitutes a Lender default and Lender’s breach under the loan documents,” the letter read.Attorneys for Zhang responded the same day, the court papers show, alleging that the borrower had scuttled attempts to discuss a solution and had canceled a planned call.“The statements made in your letter are simple [sic] not true,” the lender’s attorney wrote. “We would suggest that you read the loan documents.”The lawsuit seeks $40.6 million plus interest and court expenses, and demands that the asset be placed in receivership.The hospitality industry has endured widespread distress as a result of the decrease in travel. New York City’s Department of City Planning estimated that between January and September, 135 hotels and 39,244 rooms closed, representing declines of 20 and 31 percent, respectively.Contact Georgia Kromrei Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink TagsdefaultsHotel Marketreal estate lawsuitlast_img read more

Hotcha! Baltimore Mayor Stephanie Rawlings-Blake Will Razzle Dazzle ‘Em in Chicago at The Hippodrome

first_imgShe’s trading in politics for all that jazz! Baltimore Mayor Stephanie Rawlings-Blake will take the stage in an “unprecedented act of courage” when she joins the cast of the national tour of Chicago on March 4 at The Hippodrome Theatre at the France-Merrick Performing Arts Center. This will be the first time a city mayor will join the cast on stage! The classic John Kander and Fred Ebb musical will run from March 3 through March 8. Set amidst the razzle-dazzle decadence of the 1920s, Chicago is the story of Roxie Hart, a housewife and nightclub dancer who maliciously murders her on-the-side lover after he threatens to walk out on her. Desperate to avoid conviction, she dupes the public, the media and her rival cellmate, Velma Kelly, by hiring Chicago’s slickest criminal lawyer to transform her malicious crime into a barrage of sensational headline, the likes of which might just as easily be ripped from today’s tabloids. View Comments “I am honored to be the first mayor to appear in Chicago—one of the most historic shows in Broadway history—and I want to reassure the cast and crew that I am already hard at work rehearsing my lines,” said Mayor Rawlings-Blake, in a statement. “I always love to show off the ‘razzle dazzle’ of Baltimore’s flourishing cultural scene, from expanding our Arts & Entertainment Districts, to growing Baltimore’s downtown theater corridor and, all that jazz.  I cannot wait to make my big debut in an amazing show like Chicago” “We are delighted that Mayor Stephanie Rawlings-Blake will be making a special appearance in Chicago,” said Alecia Parker, a producer for the show. “Her passion and advocacy for the arts is equaled by her desire to bring quality entertainment to Baltimore, specifically to The Hippodrome Theatre, which is a premier U.S. destination. The Chicago cast is thrilled to be sharing the stage with her.”last_img read more

NBBF Names 14 Players for D’Tigress’ Final Olympics Qualifying Tourney

first_imgOthers include point-guard, Upe Atosu currently studying and playing for Butler University in the United States of America.Pallas Kunaiyi Akpannah may be on course to continue building her fledging national team career after debuting for Nigeria at the pre-qualifiers in Maputo, Mozambique in November while usual suspects Ezinne Kalu, Evelyn Akhator, Aisha Balarabe and team captain, Adaora Elonu have all been included in the 14 man list.Nigeria is grouped alongside host- Serbia, World Champions- USA and Mozambique with two Olympics tickets on offer.Full list of playersIfunanya Ibekwe (Virtus Eirene, Italy)Promise Amukamara (Charnay Basket Bourgogne SUD, France)Sarah Imovbioh (Basket Namur Capitale, Belgium)Elo Edeferioka (CB Vigo Spain)Upe Atosu (Butler University, USA)Pallas Kunaiyi Akpannah (Meccanica Nova, Italy)Ezinne Kalu (Landerneau Bretagne Basket, France)Evelyn Akhator (Flammes Carolo, France)Aisha Balarabe (KB Bashkimi, Kosovo)Adaora Elonu (Uni Girona, Spain)Elizabeth Balogun (Louisville University, USA)Musa Murjanantu (Air Warriors, Nigeria)Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Nigeria’s women’s basketball coach, Otis Hughley has called up 14 players to D’Tigress for the last phase of the 2020 Olympics Qualification Tournament billed for Belgrade early next year.The tournament runs from February 6 to 9. Louisville University guard, Elizabeth Balogun who was not released by her school for the pre-OQT got another invitation from D’Tigress handler alongside Nigeria-based Musa Murjanantu who emerged as the Zenith Bank Women Basketball League Most Valuable Player after guiding Air Warriors of Abuja to their first ever league title.Virtus Eirene of Italy small forward, Ifunanya Ibekwe, Promise Amukamara (Charnay Basket Bourgogne SUD, Frace), Sarah Imovbioh (Basket Namur Capitale, Belgium) and Spain based Elo Edeferioka who plies her trade with CB Vigo have also earned a recall.last_img read more