Fortuna Realty permitted for stalled 310-key hotel in Midtown, six years after plans were filed
Morris Moinian’s Fortuna Realty, on October 6, received permits for construction of a 310-key, 138,345-square-foot hotel building at 1150 Sixth Avenue in Midtown, in Manhattan. The developer received both foundation and new building permits. No construction loan has been recorded as of publication date. Fortuna has a $40 million loan with Morgan Stanley Private Bank secured by the property. The permits come one year after…

