Cornell sues Graduate hotel after lease default on Roosevelt Island
The Graduate by Hilton hotel on Roosevelt Island has drawn another lawsuit, this one from its landlord: Cornell University. Cornell says that the Graduate Hotel, which is on its tech campus on the island, has overstayed its welcome. The hotel defaulted on its 65-year ground lease and has refused to leave the premises after the lease was terminated, according to a complaint filed in New York Supreme Court Wednesday. The case follows another suit against the hotel last week from lender ACRES Capital, who is hoping to claw back $79 million from the hotel’s owner, AJ Capital. The hotel has […]
This article originally appeared on The Real Deal. Click here to read the full story.
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