Feb. 28 (Bloomberg) -- Dubai’s Istithmar PJSC is in talks with a Chinese lender to refinance its $175 million mortgage on the Mandarin Oriental New York Hotel in Manhattan’s Time Warner Center, Al-Khaleej newspaper reported, citing unidentified people within Istithmar.
The newspaper did not name the Chinese lender. The investment firm, owned by Dubai’s government, bought the 248-room hotel for $340 million in 2006.
To contact the reporter on this story: Zainab Fattah in Dubai at firstname.lastname@example.org
To contact the editor responsible for this story: Andrew Blackman at email@example.com