Pocket International Open Design Competition Building Trust-HOME → Deadline: July 31, 2012Open to: non-profit, non-political organization, empowering women and girlsGrant: The budget amount requested from VGIF must not exceed $7,500 USD.DescriptionVGIF provides small grants for grassroots projects that empower women and girls in developing countries.What VGIF supports:Community developmentHealth and nutritional supportLiteracy and leadership trainingEducational seminars and workshopsWomen’s human rightsOrganizations that are governed and directed by women.VGIF does not consider requests for the following:Individual scholarships and tuitionPolitical organizationsReligious groups unless the proposed project contributes to the general good of the communityThe construction of permanent buildings or the purchase of landSalaries for board members and permanent staff but may include stipends/honoraria for external resource people/trainersIf your organization fulfills this profile, and you would like to apply for a grant for our 2013 funding cycle, here are the steps you will need to take once our process is open.EligibilityWe support women’s organizations based outside of the United States. The Letter of Intent must be submitted by a non-profit, non-political organization. The proposal addresses the empowerment of women and girls and will lead to action and sustainable change in the community. The proposal clearly reflects the participation of the community/target group in its development and design. The project addresses sustainability after VGIF funding with continued involvement in the larger community. Women are well represented in the leadership, staff and management of the organization and project. The organization can demonstrate its ability to manage resources and funding from external sources. The Letter of Intent provides reliable email addresses as well as phone numbers. The proposal must present a true budget with a clear explanation of all items.Other sponsors or potential funding for this project must be clearly identified. The timeline of activities is realistic and achievable and the project can begin upon the awarding of grants by VGIF in mid-May.GrantVGIF provides small grants for grassroots projects that empower women and girls in developing countries. The budget amount requested from VGIF must not exceed $7,500 USD. VGIF will consider inclusion of an amount, not to exceed 10% of the total grant, for administration of the project to the executing organization in the country where the project is located.ApplicationAll interested applicants must complete a Letter of Intent (LOI). VGIF does not accept unsolicited LOIs or full proposals. At that time you will have access to our Letter Of Intent by creating an account, then completing and submitting your LOI to us electronically.If your organization fulfills these criteria and you would like to begin the Letter Of Intent process you will need to complete the following 4 stages:Stage 1: Create a Log In Account – a valid e-mail address must be provided to create an account.Stage 2: Supply the required Personnel Information – once you have created a log-in account with VGIF you will need to complete and submit information about yourself and your organization. Once this stage is complete you will be directed to our Letter of Intent.Stage 3: Create and edit the Letter of Intent -The Letter of Intent can be completed immediately or you may start the Letter of Intent, save your work, and add additional information at a later time. There is no limit to how many times you can update your Letter of Intent before submitting it.Stage 4: Submit the Letter of IntentInformation requested in the LOI:– Organization and personnel Information– A brief description of the organization– A brief description of previous projects (if any)– A description of your project– The project budget– Prior funding from other sources– Qualifications of the project directorThe process will begin with the completion of VGIFs online Letter of Intent.After your Letter of Intent has been read and evaluated by VGIF, you may or may not be invited to submit a full proposal.Application accountThe deadline is July 31, 2012.For further information, please contact: [email protected]:The Virginia Gildersleeve International Fund, Inc.11 Broadway, Suite 510,New York, N.Y., U.S.A. 10004The Official Website MSIF Du Pré Grants 2021 for MS Researchers and Clinicians from LMICs ← International Relations and European Integration Scholarship Program(2012/2013)-Estonia Share 0 Reddit May 31, 2012 Published by ruzica VGIF Project Grant Application-Letter of Intent +1 Similar Stories Charity Entrepreneurship Incubation Program 2021 Tweet LinkedIn 0 TWAS Research Grants Program in Basic Sciences 2021 for Individual Scientists Leave a Reply Cancel ReplyYou must be logged in to post a comment.
Tweet Pocket August 29, 2013 Published by austin Future Food – A Swiss Research Initiative 2021 Deadline: 31 October 2013Open to: organizations, international or national non-governmental organizations (NGOs), institutions or local, national and regional communities working to enhance the performance and effectiveness of teachersPrize: $270 000, which is equally divided between the three winnersDescriptionInternational applicants are invited to submit applications for UNESCO-Hamdan Prize supported by H.E. Sheikh Hamdan Bin Rashid Al-Maktoum of the United Arab Emirates. In 2008, the UNESCO-Hamdan Prize was created to support the enhancement of teaching and learning quality in achieving the Education for All goals, which is one of UNESCO’s priorities. The Prize is awarded every two years to three winners whose projects aim at improving the performance and effectiveness of teachers worldwide.As well as aiming to improve educational practices around the world, it also gives priority to developing countries and to marginalized and disadvantaged communities. The winners of the Prize are projects that have made an outstanding contribution, through their teacher-related activities, to enhancing the quality of teaching and learning.PrizeThe Prize amounts to $270 000, which is equally divided between the three winners.EligibilityCandidates may be organizations, international or national non-governmental organizations (NGOs), institutions or local, national and regional communities who are working to enhance the performance and effectiveness of teachers.ApplicationApplications should be postmarked or sent by email to the Secretariat of the Prize by 31 October 2013 (midnight, Paris time). Letters of nomination AVAILABLE HERE (in English or French only) should be sent to the Secretariat by post or email to [email protected] for Teacher Development and Education PoliciesDivision for Teacher Development and Higher EducationATTN: UNESCO-Hamdan Prize7 place de FontenoyF-75352 Paris 07 SPFranceApplications may be submitted in two ways:A candidate shall ask a nominating body to send its application to UNESCO;A nominating body may initiate the process of nominating a candidate and send the application to UNESCOA nominating body may be Multinationals and Bilateral Organizations, Ministries of Education (or other relevant Ministries), non-governmental organizations (NGOs), organizations or institutions directly involved in, or aware of, outstanding practices concerning teachers. It is the nominating body who sends the applications to UNESCO.Applications received before the deadline are reviewed by the Screening panel, who will eliminate non-eligible candidates and transmit them to the International Jury for the Prize. The International Jury meets in Dubai (United Arab Emirates) to select the Prize winners. Prizes are awarded to winners during an official ceremony organized at UNESCO Headquarters in Paris on the occasion of World Teachers’ Day (October 2014).For further details, consult the guidelines HERE and the official website HERE. UNESCO Hamdan Prize for Effective Teachers +1 PhD Research on Migration & Population in Switzerland → D-Prize Challenges LinkedIn 0 Similar Stories Share 0 UNESCO Prize for Girls’ and Women’s Education Reddit ← UNESCO-Aschberg Bursaries for Artists Programme, Seoul Leave a Reply Cancel ReplyYou must be logged in to post a comment.
+1 Reddit Pocket Social Venture Challenge Asia Share 0 LinkedIn 0 AAI One World Scholarship Program for Students from Developing Countries in Austria Music Omi International Residency, USA → Similar Stories ← Apply for Reporting Trip on Development in Brazil! Deadline: 28 January 2014Open to: applicants worldwide proposing ventures that have a scalable social impact in AsiaPrize: cash prizes up to SGD 30,000 (17,500 EUR)DescriptionThe DBS-NUS Social Venture Challenge is an Asia-wide competition for social enterprises open to any member of the public. Launched by DBS and NUS Enterprise, the competition aims to identify and support new social ventures that have the potential to generate scalable and sustainable social impact. It is an 8-month programme that aims to raise awareness and build a culture of social entrepreneurship in Asia. The Challenge also provides multi-dimensional support for budding social entrepreneurs and builds capacity through public education in social entrepreneurship.EligibilityThere is no limit on age, nationality or number of members in a team.Ventures that have received outside investment from venture capitalists, private investors, governmental or industry sources at the point of registration are eligible to compete, provided that the total funding (including paid-up capital, grants, loans and other forms of funding) does not exceed S$100,000. (Updated)Submissions should be the original work of the team- teams are expected to demonstrate the originality of their ideas whenever possible, or evidence of innovation.Proposed ventures must have a scalable social impact in Asia.Teams that qualify as semi-finalists/finalists are required to send at least one core member to attend the boot camp and finals in Singapore. Financial assistance will be provided for teams residing outside of Singapore.The organisers of the Challenge reserve to right to disqualify any teams that are found to have violated the spirit of the competition guidelines.PrizeGrand Prize – SGD 30,000 (17,500 EUR)First Runner-up Prize – SGD 15,000 (8,800 EUR)Second Runner-up Prize – SGD 10,000 (5,800 EUR)30 % of the prize money will be paid up-front, 70 % will be paid upon incorporation.ApplicationFor the first round of applications due on 28 January 2014, participants will be required to submit the application form along with a questionnaire and a 3 minute idea pitch video HERE. After the announcement of semi-finalists and the Bootcamp in March, the qualifying participants will be asked to submit a comprehensive business plan online.For more information about the conmpetition read the infopack HERE.THE OFFICIAL WEBSITE CMU Australia Scholarships for International Students Leave a Reply Cancel ReplyYou must be logged in to post a comment. ZUKOnnect Fellowships for Scholars from Africa, Asia and Latin America Tweet December 27, 2013 Published by tatjana
Fulbright Schuman Program on EU/US Relations Reddit Volunteers from Germany, Lithuania and Poland Wanted! → Similar Stories Traineeship Position in EU Public Affairs at MSLGROUP in Brussels Pocket Call for Volunteers for the Project 668 LinkedIn 0 ← Volunteer with Youth Association from Transylvania! +1 Share 0 The EU Issue Tracker Internship in Belgium Deadline: 1 March 2014 (final), although a preliminary form should be filled out by 1 February 2014Open to: EU professionals and professionals in trainingFellowship: € 3,000 per month, plus an allowance of € 2,000 for travel and relocation costsDescriptionThe Fulbright Schuman Programme provides approximately 13 grants to citizens of EU Member States for study, research or lecturing on EU affairs, European integration or US-EU relations. The programme is administered by the Commission for Educational Exchange between the United States, Belgium and Luxembourg with funding from the U.S. State Department and the Directorate- General for Education and Culture of the European Commission.Grants are for Graduate Study, Pre-Doctoral Research, Post-Doctoral Research, and University Lecturing. Awards are available to candidates from any of the Member States wishing to study, research, or lecture on a topic relevant to U.S.-EU relations, EU policy, or EU institutions. The results of eligible projects must be relevant to at least two EU member states; projects that do not meet this requirement should be submitted through the Fulbright Program in the applicant’s country of citizenship. Prior to submitting their application, candidates must arrange their own placement at an accredited university, vocational training/professional institution, or independent research center in the United States. Candidates may propose to stay at more than one institution during their grant, although they should provide a clear plan and justification for doing so.FellowshipA monthly stipend of the dollar equivalent of € 3,000An allowance of € 2,000 for travel and relocation costsJ-1 visa sponsorshipSickness and accident insuranceThe maximum grant to any one candidate is set at € 29,000. No candidate may receive Fulbright Schuman funding in concurrence with other EC funding (i.e. Marie Curie) for the same activityStudent grants are normally for a minimum period of one academic year. However, applications for pre-doctoral research for a minimum period of 6 months will also be considered. Research and lecturing awards are for a minimum period of 3 months, maximum one academic year, with preference being given to projects of four months duration.EligibilityProficiency in English and a minimum of three months experience in two or more Member States is required.Preference will be given to candidates with two years of relevant professional or academic experience beyond the Bachelor’s degree. EU professionals and professionals in training (decision-makers, policy-makers, individuals in industry, the media, politics, academia, and public administration) are encouraged to apply.Please Note:Current officials of Community institutions are not eligible to applyCandidates in the United States at the time of application are not eligible to applyEuropean candidates must travel to the U.S. on a J-1 visa, so dual U.S./EU citizens are not eligible to apply for the EU award. If interested, dual citizens may apply to the U.S. Fulbright Schuman program HERE or HERE.Departures normally take place between August 1 and March 31. Special authorization must be sought in order to leave at another time of the year.Applications for study and research should be made while candidates are in correspondence with specific institutions concerning affiliation and financial support. No awards can be confirmed until candidates have submitted written evidence that they will dispose of adequate funds to carry out their plans in the United States.Scholars who have previously held a J visa in the professor or research scholar category are not eligible for sponsorship again in those two categories for a period of 24 months following the program sponsorship end date.Recipients of Commission awards must travel on U.S. Government-sponsored “Exchange Visitor” visas. They may not travel on any other. Please note that anyone admitted as an Exchange Visitor to the United States must return to his/her country for two years before returning to the United States as a permanent resident, temporary worker or trainee, or intra-company transferee.All interested candidates must complete a preliminary application in order to assess their eligibility for the program. See examples of successful applicants HERE.ApplicationInterested applicants should submit the preliminary application online as soon as possible (by February 1 if possible), together with a CV and a one-page description of their proposed project, to determine their eligibility.Once approved, applicants must complete the final online application and upload all application materials – including post-secondary diplomas, letter(s) of affiliation, and three letters of recommendation – by March 1. TOEFL scores are only needed if the particular program you are applying to requires them; otherwise, your English proficiency will be determined during the mandatory in-person interview.Schedule an in-person interview with the Fulbright program in your country of citizenship or residence, to take place no later than March 15.Successful applicants will be notified by the first week of April at the latest.For more information, please see the official website HERE. January 22, 2014 Published by tatjana Leave a Reply Cancel ReplyYou must be logged in to post a comment. Tweet
Share 0 Social Leader Forum 2016 Tweet March 24, 2016 Published by sabina LinkedIn 0 Genius Loci Weimar 2016 Spatial Audio Competition Leave a Reply Cancel ReplyYou must be logged in to post a comment. ← Research and Messaging Consultant at US Human Rights Network Deadline: 13 April 2016Open to: all individuals, enthusiasts, students, amateurs and professionals (individuals and groups)Award: prize money of EUR 5,000 / presented during the Genius Loci Weimar Festival from 12 to 14 August 2016 in GermanyDescriptionAs part of its 2016 event, the Genius Loci Weimar Festival is hosting the Spatial Audio Competition for innovative design in the form of an acoustic audio production. Every summer since 2012, Weimar becomes a meeting point for digital avant-garde artists, culture enthusiasts and scientists. The Genius Loci Weimar festival for site-specific audio-visual art and interactive facade projections now ranks among the leading international events in this area.The key requirements for the Genius Loci Weimar competition:An innovative design in the form of an acoustic audio production with special consideration of the genius loci;An individual, original and sophisticated handling of the spirit of the location with respect to history and architecture, as well as to the people who were active there and who have influenced the surroundings, and to historical events that have left visible or invisible traces;The conscious omission of erratic gimmickry and showmanship, intrusive clichés and careless historical retelling.EligibilityAll participants, enthusiasts, students, amateurs and professionals will be given the same opportunity to compete. Nevertheless it is necessary that participants clearly highlight their ability to implement the professional skills and motivation that are required to realise such an acoustic production.AwardThe best submission will be awarded the commission:To create a 10-15 minute acoustic production that can be performed during the festival weekend;A budget of EUR 5,000 will be provided for the artistic realisation of the work;The production will be of the highest technical and artistic quality.How to apply?Contestants are invited to submit an artistic concept, including:A thirty-second audio clip (stereo WAV;An explanatory text (max. 300 words) describing the design and components of the spatial acoustics;A cover letter from the participant or group, including self-description and appropriate references.For further information, please check general terms and conditions or FAQ.For more information about competition, please visit official website. 2016 Human Rights Prize of the French Republic Similar Stories +1 Reddit Pocket The Visegrad Youth Forum 2016 in Slovakia TC on Strategic Networking of Youth Sports Workers in Serbia →
Reddit Similar Stories Share 0 Women Leaders in Extractives Fellowship Pocket LinkedIn 0 Tweet +1 Youthopia Activist Camp 2019 in Berlin! ← Second Edition of The Educational Project “In Between” Deadline: 30 June 2016Open to: women civil society activists holders of undergraduate degree coming from: Ghana, Iraq, Myanmar, Tanzania, Indonesia, Guinea, the Democratic Republic of Congo, Mexico, Colombia, Mongolia, Nigeria, Libya and UgandaFellowship: fellows’ travel, course tuition and accommodation will be paid by NRGI as part of the fellowshipDescriptionThe Natural Resource Governance Institute is pleased to announce that it is accepting applications for the 2016 Women Leaders Fellowship. The program seeks to increase the participation of women in the movement to promote the sustainable management of extractives for the public good.In a field where the meaningful participation of women is often missing, this program is uniquely designed to create leaders that are confident engaging in technical debates on the extractive industries. The Women Leaders in Extractives Fellowship enables civil society leaders to develop knowledge and skills through a tailored training program, which could include one of NRGI’s training programs, and a practicum supervised by an expert mentor that will bridge the coursework and the fellow’s advocacy work.In the practicum segment, fellows will undertake a short project that demonstrates their increased level of analysis in a topical issue for their country.EligibilityThe successful candidate will have, at a minimum:An undergraduate degree;A background or proven interest in research, monitoring and activism around extractive revenue, legal and fiscal regimes, and/or transparency;A dedicated commitment to return to their country and their current campaigns;Diplomatic skills in order to constructively engage in debate with different stakeholders;Excellent English skills;The explicit support of their current home organization to pursue all aspects of this fellowship.The call is open for applicants from the following countries: Ghana, Iraq, Myanmar, Tanzania, Indonesia, Guinea, the Democratic Republic of Congo, Mexico, Colombia, Mongolia, Nigeria, Libya and Uganda.FellowshipNRGI will support fellows financially to complete their project over a period of three months;Fellows’ travel, course tuition and accommodation will be paid by NRGI as part of the fellowship;Fellows will return to their home organizations or coalitions better equipped to take their campaigns to a more technical and informed level and share new knowledge with their colleagues.How to apply?To apply, please complete the online application form by 30 June 2016, providing:Details on your academic and professional background;An outline of what you will seek to learn and achieve during the fellowship, including areas of research interests;CV or resume;Two professional references;Three essays (no more than 500 words apiece) that includes:An outline of extractive-related challenges in your country and the current work you, your organization and civil society groups more broadly are doing in response;An outline of the challenges you feel that women in your country face in relation to the extractive industries;A description of how you will use the learning and products from the fellowship upon return to your country and organization, and a description of how this fellowship fits into your current career goals. Central Asia Sub-Regional Feminist Legal Theory and Practice (FLTP) Training THE BERTHA CHALLENGE Fellowships for Activists & Investigative Journalists June 14, 2016 Published by elena Leave a Reply Cancel ReplyYou must be logged in to post a comment. For more information, please visit the official website. FutureScapes Writing Contest “Write your story, change the world” →
+1 Word Press Institute Fellowship, United States ← Scholarships by the Romanian State to foreign citizens Reddit Tweet January 8, 2019 Published by sanja Deadline: 15 February 2019Open to: applicants that shoud be at least five years of full-time employment in print, broadcast or online journalismBenefits: fully fundedDescriptionEach year hundreds of talented journalists apply for 10 slots. A selection committee of seasoned journalists and corporate communications specialists, all with international experience, chooses among the best of the best.Gain access to, engage in and observe the role, responsibility and impact of a free press firsthand in one of the world’s largest, most diverse democracies. Through an immersive program, you will learn how the U.S. founding principles of a free press and journalistic best practices help foster transparency and accountability of government institutions, businesses and organizations, including the most powerful ones.In a guided tour across the country – including Chicago, New York City, Miami, Austin (Texas), San Francisco, and more – you will meet with and interview subject matter experts in media outlets, think tanks and advocacy organizations. You will hear firsthand accounts of new business models being tested and implemented among national and local media outlets.You will learn about U.S. history and current affairs, as well as challenges the U.S. media faces, while experiencing and reporting on social, economic and political issues.You also will interact with people from a variety of walks of life and get some free time along the way to explore on your own.EligibilityAt least five years of full-time employment in print, broadcast or online journalism, including:News or editorial departments of newspapers, wire services, radio, television, websites or online publications.Photojournalists, editorial cartoonists, columnists and broadcast producers.Those who supervise journalists are eligible if they also have at least five years as a working journalist. African Liberty Writing Fellowship 2021 for Young Writers ATLAS CORPS PROGRAMS Similar Stories Any journalism-related work completed as a university student does not count toward experience. Those who work in public relations or at organizations whose primary business is not the media are not eligible.Must be currently employed as a non-U.S. journalist working outside of the United States.Fluency in both written and spoken English.Potential for leadership.BenefitsWorld Press Institute pays for roundtrip airfare to the United States, travel within the United States related to the WPI program, and lodging. The Fellows also get a modest daily allowance to buy food.How to apply?In order to apply, please fill the application form.For more information, please visit the official web page. LinkedIn 0 Pocket Google PhD Fellowship Program for graduate students Share 0 Global Youth Summit 2019 – 14-20 July, Switzerland →
The Royal Horticultural Society Photographic Competition Deadline: 28 July 2019Open to: anyone between 18 and 30 years oldBenefits: attendance the UN Climate Change Conference in Santiago, ChileDescriptionFrom 24 May to 28 July 2019, young people from around the world can showcase their actions to combat climate change by submitting a video to the fifth edition of the Global Youth Video Competition.In 2019, the Video Competition is jointly organized to broaden the scope of entries and mobilize the global youth along the lines of the Global Climate Action Summit called in September by the United Nations Secretary-General, António Guterres. It is led by the Secretariats of the three environmental conventions, the United Nations Climate Change (UNFCCC), Convention on Biological Diversity (UNCBD), and the United Nations Convention to Combat Desertification (UNCCD), in partnership with the Global Environment Facility-United Nations Development Programme Small Grants Programme (UNDP/GEF SGP), Television for Environment(tve) and BNP Paribas Foundation. The short-listed videos will be showcased through the Youth Climate Report map.This year’s Global Youth Video Competition is divided into 3 categories: Cities and local action to combat climate change; Nature-based solutions for food and human health; Balancing use of land for people and ecosystems. Each Convention is responsible for one of the three categories. One winner will be selected from each category.EligibilityTo participate in the competition, it is necessary to be between 18 and 30 years old and submit a maximum 3-minute video on one of the 3 categories.You must be between 18 and 30 on the closing date;Your video must be a maximum of three minutes;Your video must be in English or have English subtitles;You must be free and available to travel to Chile in December 2019;Your entry form and video must be received by 11 pm GMT, 28 July 2019.BenefitsThe final three winners will be invited to attend the UN Climate Change Conference in Santiago, Chile (COP 25). Their videos will be presented in front of a global audience, and the winners will be afforded the opportunity to work with the UN Climate Change’s communications team covering highlights of COP25.How to apply? In order to apply, please fill the application form.For more information, please visit the official web page. Tweet Lights, Camera, Santiago de Chile! – Global Youth Video Competition 2019 +1 June 4, 2019 Published by Bojana ← Hamdan Bin Mohammed Bin Rashid al Maktoum International Photography Award 2019 Pocket LinkedIn 0 The Masters Review Flash Fiction Contest 2021 Volunteer Judge for the Queen’s Commonwealth Essay Competition 2021 Share 0 Similar Stories Reddit The Global Good Fund Fellowship →
Doral Inn and Suites, Red Roof Inn Miami Airport and Mayor Carlos Gimenez (Google Maps, Office of the Mayor)As the number of confirmed cases of Covid-19 surges in Florida, Miami-Dade County is on the hunt for empty hotels it can lease to isolate patients.The county has already secured two hotels to house those who need to self-isolate but don’t have anywhere else to go, said Maurice Kemp, deputy mayor of Miami-Dade. It’s looking for additional properties near Covid-19 hotspots.Areas with a high number of cases include Allapattah, Brownsville, Little Havana, Cutler Bay and Homestead, the Miami Herald reported.Miami-Dade County Mayor Carlos Gimenez said on Thursday during a virtual press conference that the county is working with the Florida Department of Health to move patients to a limited number of hotel rooms. Hospitals are expected to refer people to the health department who have no other way to isolate, especially those who have been tested, have symptoms, but haven’t gotten their test results yet, Gimenez said.Miami-Dade is paying $117,600 per month for a 100-room hotel in Doral for those who need to be isolated, and $210,000 a month for a 212-room hotel near Miami International Airport for the homeless population, Kemp said. The county signed agreements in April for the two properties.The payment breaks down to about $40 per night, per room for the Doral Inn and Suites and about $33 a night for the Red Roof Inn Miami Airport. Baywood Hotels owns the Red Roof Inn, and the Doral Inn and Suites is tied to investor Alex Nahabetian.The Doral hotel was initially secured by the county to house first responders and health care workers who needed to isolate themselves, but only a handful of rooms are being used at one time, Kemp said.Yet, the need for self-isolation may be greater now more than ever. On Wednesday, the health department reported a record 5,508 newly confirmed cases of Covid-19 in Florida, and on Thursday, an additional 5,004 cases were reported. So far, the state has more than 114,000 confirmed cases and 3,327 deaths.Kemp said the county, hospitals and the department of health are working together to determine the criteria that would direct people to the hotel rooms.On Wednesday, Gimenez said the county’s phased reopening plan was on pause due to the rising number of cases. Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink TagsCoronavirusHotels Share via Shortlink
Share via Shortlink TagsCoronavirusHotelsReal Estate Lawsuits Alexico claims the hotel, at 25 East 77th Street, was doing just fine before Covid. Its cheapest room is $745 and Meghan Markle, the Duchess of Sussex, held her baby shower in its $75,000-a-night, 10,000-square-foot penthouse — the most expensive room in the U.S. — in February 2019.But the Mark closed in March and missed mortgage payments in April and May, prompting Ohana and senior lender Wells Fargo to issue default notices. Then a friend called Alexico owner Izak Senbahar to tell him his hotel was to be auctioned off June 7, according to a court transcript.Alexico sued the day before the scheduled sale and state Supreme Court Justice Andrea Masley postponed the auction for at least 30 days, agreeing that it was being rushed in the midst of a pandemic. Now she has blocked Ohana from holding a foreclosure auction until July 24.Alexico might be trying to buy time to work out a deal to keep the hotel, after claiming its lenders reneged on a verbally negotiated mortgage forbearance. It reopened the Mark on June 15.Mezzanine foreclosures are not subject to New York state’s foreclosure ban, but lenders are still required to conduct auctions in a “commercially reasonable” manner, the judge ruled.“Expanding the time to market the collateral and make a market for this unique hotel property is an elegant solution,” Masley wrote in her decision. Alexico had requested that the auction be stayed for even longer, until mid-August.In court filings, Alexico called Ohana’s attempted sale of the property “rigged” and a “predatory attempt to capitalize on the Covid-19 pandemic.” Ohana’s original notice of sale restricted interested buyers from contacting Alexico and forbade the borrower itself from bidding.While 115 potential bidders virtually toured the property, just two of them met the financial requirements to bid at the auction.The court order directs Ohana to contact at least 700 potential bidders for the auction and to publish a notice of the sale in the Wall Street Journal and a trade publication.In a similar case, a judge in May gave the go-ahead to a mezzanine foreclosure on a hotel project in Midtown. Borrower Hidrock Properties had objected that the sale was “rigged” and taking advantage of coronavirus. The project had faced construction delays and financial difficulties since before the pandemic, and the judge did not find the foreclosure sale to be unreasonable. [Bisnow] — Kevin Sun Ohana Real Estate Investors CEO Christopher Smith (left) and Alexico Group’s Izak Senbahar with the Mark Hotel at 25 East 77th Street (Getty, LinkedIn, Google Maps)With lenders like this, who needs enemies?That sums up the case brought by the owner of the ritzy Mark Hotel against Ohana Real Estate Investors, which scheduled a foreclosure sale of the Upper East Side establishment after two payments were missed on its $35 million mezzanine loan.So far, the courts have sided with the hotel owner, Alexico Group, a Manhattan-based luxury condominium and hotel developer, over California-based Ohana, according to reports by Bisnow.Read moreAlexico lands $230M refi for Mark HotelRFR Holding acquires $60M loan to Mark HotelNation’s most expensive hotel room is at the Mark Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink