Question 1

What are the key details for the project “Penn Station Hotel Project”?

Accepted Answer

The project “Penn Station Hotel Project” is an infrastructure initiative in the Commercial sector, located in New York, New York, United States. Taiyo aggregates data on it from The Real Deal.

Question 2

What is the latest status of the project “Penn Station Hotel Project”?

Accepted Answer

The status recorded for “Penn Station Hotel Project” is Under Construction.

Question 3

Who are the main government, EPC, and private stakeholders for “Penn Station Hotel Project”?

Accepted Answer

Taiyo maps the stakeholders of “Penn Station Hotel Project”: EPCs/contractors (McCarthy Building Companies), banks/investors (DEG, European Bank for Reconstruction and Development (EBRD)).

Question 4

What is the budget and commercial profile for the project “Penn Station Hotel Project”?

Accepted Answer

Taiyo normalizes the budget of “Penn Station Hotel Project” to USD 107000000.

Question 5

Where can I verify the source and access all details for “Penn Station Hotel Project”?

Accepted Answer

This Taiyo project page references The Real Deal along with the original URL (https://therealdeal.com/new-york/2025/04/14/maverick-lands-construction-loan-for-penn-station-hotel/). Taiyo standardizes official data into a consistent, searchable project profile.

Original status	Under Construction
Taiyo status	Under Construction
Taiyo last update	2026-07-22

Description	Maverick Real Estate Partners has secured a construction loan for a partly finished hotel project located near Penn Station. The project, which was previously seized from Chetrit Group, is set to be completed with the help of a $107 million loan provided by Related Companies.
Original sector	Commercial
Budget

Record type	Project
Sector	Commercial, Residential, Road, Hotel
Article published date	2025-04-19

Penn Station Hotel Project

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Country	United States of America (USA)
State	New York
City	New York

Penn Station Hotel Project

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