A block away from Times Square, the fifth-largest hotel in New York City has been operating as a migrant shelter since October, home to more than 1,000 of the city’s newest arrivals. But a lender on the 1,331-key Row NYC hotel is fighting to foreclose on the property, claiming it never approved the contract, leaving a critical piece of infrastructure of the city's migrant crisis hanging in the balance.
The Row's owners have been in default since the early days of the pandemic, landing the hotel at the center of a foreclosure suit launched in September. Then, just one month into foreclosure proceedings, the hotel's owners entered into a shelter contract with the city, and they haven't attempted to pay… Read the full story here. | | |