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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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