Bank of America Merrill Lynch’s next large loan transaction is backed the Intercontinental New York Times Square, a 36-story, 607-room full-service luxury hotel in New York City.

The deal, BAMLL Commercial Mortgage Securities Trust 2014-ICTS,  is secured by a $188 million floating-rate loan, according to Morningstar. The interest-only loan has an initial term of 25 months but allows for four one-year extensions.

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