Colony Capital discharges $160M loan provided to Rockpoint Group, Highgate for hotel in Times Square

Colony Capital recorded it had discharged $160 million in debt that had been secured by Rockpoint Group and Highgate’s hotel and retail at 700 Eighth Avenue in Times Square. The mortgage was released on April 22, 2020 and the discharge was recorded on June 30, 2020.
The property is composed of a hotel and a retail condo.
Real Estate Alert reported in February that the debt was being marketed by Eastdil Secured.

No new debt has been recorded and it was not clear from the filing how the debt was extinguished.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link