Hotel mortgage defaults and foreclosures have become somewhat ubiquitous in the Big Apple, but the Sheraton New York Times Square Hotel has received some leeway from its lender. This week The Real ...

MCR and Island Capital’s loan on the Sheraton Times Square Hotel has gone ... of the lowest prices per guest room for any hotel deal in New York over the past decade, according to its website.

"The [Sheraton Times Square's] performance has rebounded since we acquired the hotel, which we believe is a testament to the strength of New York City's lodging market," Tyler Morse, MCR CEO ...

You can’t get much closer to Times Square ... of Sheraton offers the same level of quality as its locations across the globe. With 51 floors, it remains one of the tallest hotels in New York.