A Long Island investor who leaned on pandemic-era stopgaps to keep Midtown hotels afloat has now lost both properties. Paramdeep Singh, who owns gas stations and operated the hotels through Premier Hotels, was stripped of control at 59 West 46th Street and 129 West 46th Street after defaults, foreclosure actions and investor infighting, Crain’s reported. At 59 West 46th Street, a nine-story, 234-room hotel just off Sixth Avenue, Singh was undone by a former partner-turned-lender. Boris Aronov, a cab driver who later became a Diamond District diamond dealer, acquired the building’s distressed mortgage last summer and then moved to foreclose […]

This article originally appeared on The Real Deal. Click here to read the full story.