>Gramercy Park Hotel owners default on loan

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>The Gramercy Park Hotel’s website boasts the establishment is “original, romantic, surprising, poetic and whimsical.” It neglects to mention the hotel is also in financial trouble.

Noted hotel impresario Ian Schrager and commercial landlords Aby Rosen and Michael Fuchs have defaulted on a loan for the Gramercy Park Hotel, Crain’s New York Business has learned.

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