Israeli bondholder demands GFI affiliate consider sale of Beekman, Seville hotels
GFI Capital’s troubles on the Israeli bond market are spilling over to the Beekman Hotel. A bondholder of a British Virgin Islands company tied to GFI Capital is asking other bondholders to vote on a proposal that could lead to the sale of the Beekman Hotel in Lower Manhattan and the Hotel Seville NoMad as a way to repay over $60 million in debt. The proposal comes just two weeks after the GFI Capital affiliate informed its Israeli bondholders it might not be able to repay its debt. The company sought a three-year extension from its Israeli bondholders in order […]
This article originally appeared on The Real Deal. Click here to read the full story.
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