Atalaya Capital Management recently secured a $315-million construction loan for The Ritz-Carlton’s new flagship hotel in Manhattan, ReBusinessOnline reports.
Situated at the corner of 28th St. and Broadway, the 266-room hotel will span more than 50 stories and include 16 branded residences, 6,000 sq. ft. of meeting space and high-end food and beverage options.
Construction of the hotel is set in late 2021.
The project team includes general contractor Lend Lease, interior designer Yabu Pushelberg and architect Rafael Vinoly.
