Rotem Rosen to fund Hotel Indigo purchase with Tel Aviv bonds

Rotem Rosen plans to raise up to $72 million in Israel to finance the purchase of a Lower East Side hotel. Rosen’s MRR Development went into contract in June to buy the Hotel Indigo for $162.5 million from Brack Capital and InterContinental Hotels Group. To fund the purchase, MRR filed a prospectus for a secured bond offer of up to $72 million in Tel Aviv with bondholders taking the senior position on the 294-key hotel. […]

Source: Real Estate

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