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Roosevelt Island hotel lender looks to claw back $77M
April 22, 2026
Posted 2 hours ago by
Roosevelt Island’s lone hotel is getting kicked out of class. A lender is looking to claw back 76.5 million after Hilton’s Graduate Hotel ceased operations and had its ground lease terminated by Cornell University. An entity of commercial mortgage lender ACRES Capital is suing a real estate fund tied to the Graduate chain and AJ Capital Partners, saying it owes the full value of the loan after a recourse guaranty was triggered, according to a request for summary judgment filed in New York state supreme court on Wednesday.
The action could spell a financial challenge for AJ Capital, which launched []This article originally appeared on The Real Deal. Click here to read the full story.
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