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TSX Broadway Times Square Hotel
Landmark Deals  /  New York, NY
$2 Billion

TSX Broadway Times Square Hotel

A ground-up 46-story hotel and entertainment tower at 1568 Broadway, built over and around the landmarked Palace Theatre, which was lifted 30 feet to make room for the retail podium.Equity, Co-Development, Debt & EB-5
Transaction
$2 Billion
Structure
Equity, Co-Development, Debt & EB-5
Location
New York, NY
Role
Capital Advisor

What a multi-tranche execution with EB-5 involves

A multi-tranche execution combining institutional equity, a co-development position, senior debt and EB-5 foreign investor capital in a single capitalization.

The more tranches a deal carries, the more the execution becomes a sequencing problem. Every source underwrites in a different order and each conditions its commitment on the others. EB-5 capital in particular runs on its own regulatory timeline, which has to be reconciled with a construction schedule that will not wait.

Carlton has placed more than $200 billion of equity and debt since 1991, across six continents and every major asset class. TSX Broadway is one of the firm's landmark transactions — see the full record of closed transactions for the complete list.

TSX Broadway Times Square Hotel — view 1TSX Broadway Times Square Hotel — view 2TSX Broadway Times Square Hotel — view 3
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