The Traderszone Network

Published in TZ Latest News 6 January, 2017 by The TZ Newswire Staff

Hidrock locks in $101M in loans for 31-story Midtown hotel

Hidrock Properties just pulled off $100.5 million in loans for its new 31-story, 161-key Midtown hotel project. The family-led development firm plans to build a new hotel at 12 East 48th Street. Midland National Life Insurance provided a $70.7 million construction loan and another $29.7 million in refinancing to replace a previous loan from Bank of the Ozarks, according to documents filed with the city on Friday.

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