Article: Interim loan for four star hotel.(FINANCE)

Hudson Realty Capital LLC (HRC) has provided a six-month, $10.37 million interim loan for the acquisition of a portion of the now-vacant, turn-of-the-century YMCA building in Philadelphia's Broad Street Historic District, for a planned conversion to a four star hotel of a major hospitality brand.

Once completed, at an estimated total cost of $54 million, the Hotel will consist of approximately 147,000 s/f featuring 191 guest rooms on the fifth through 10th floors, plus ...

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