The Times Square EDITION, which debuted to great praise at 20 Times Square last year, has revealed that it will permanently close its doors this summer. The 452-room property by hotelier Ian Schrager and Marriott International will shutter on August 13th, following months of decreased revenue and the worldwide tourism standstill.
According to information unearthed in ongoing foreclosure proceedings, the possibility of closure was first discussed as early as March. The fate of the entire 20 Times Square mixed-use property, which was appraised at roughly $2.4 billion in 2018, is not yet clear.
