Last Updated: October 17, 2008 01:28pm ET

El-Ad Completes $260M Plaza Hotel Refi

By Natalie Dolce

NEW YORK CITY-The financing will be used to convert the hotel's construction loan into a long-term, permanent mortgage for the hotel.

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NEW YORK CITY-The investment bank would only save One Bryant Park in Manhattan and Bank of America Corporate Center in Charlotte, media reports show.

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