MAZABI and Panghea Capital Partners enter New York with a hotel investment in Times Square, advised by White Bridge Capital

Through a joint venture, they acquire a 25% stake in the InterContinental New York Times Square hotel, located in the heart of Midtown Manhattan.

Local partners Gencom and Highgate participate in the operation by purchasing the remaining 75%. After investing over $30 million in renovating the hotel, the asset could reach an average market value of $425 million.