Summary List Placement Another prolific debt fund is moving to clear loans tied to the country's heavily distressed hotel industry. Mack Real Estate Credit Strategies, a New York-based specialty lender, is offering mortgages totaling $503 million that are tied to three hotel properties, the Manhattan at Times Square Hotel and two St. Regis hotels in Washington DC and Miami. The company has hired Cushman & Wakefield to sell the three loans tied to the properties either as a package or individually.