The ground lessee completed $9M in renovations in 2014 using EB-5 money from Brazil, China, and Venezuela
The financially troubled and now-closed Hotel Astor is on the market for $12 million.
The 42-room, three-story hotel at 956 Washington Avenue was renovated in 2014 using $9 million raised from EB-5 investors. It closed nearly a year ago after the ground lessor, 1651 Astor LLC, filed a lawsuit to evict the hotel from the property.
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