The venture that owns the Royalton Park Avenue Hotel in Manhattan's Midtown South area has been granted a two-year extension of its $124 million senior mortgage. The loan is split into a $57.67 million piece that's securitized through GS Mortgage Securities Corp., 2012-GCJ9, and a $66.30 million piece in Citigroup Commercial Mortgage Trust, 2012-GC8. It had been slated to mature next June.

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