Extell Development: Extell lands $325M refi for Times Square Hard Rock Hotel

Gary Barnett is ready to rock. A month before its 446-key Hard Rock-branded hotel is slated to open in Times Square, Barnett's Extell Development has secured a $325 million package from Guggenheim Investments to refinance the property, records show. The funding includes a new gap loan of $100 million and replaces a $225 million construction loan originated by Bank of America in 2020. The 37-floor hotel, completed last year, will open for business next month The post Extell lands $325M refi for Times Square Hard Rock Hotel appeared first on The Real Deal New York.