The Crowne Plaza Times Square is a prominent mixed-use property which includes hotel, retail, and office components that opened in 1987 in the heart of New York City's most iconic neighborhood. Located on Broadway between 48th and 49th St, the Property has been an integral part of the renaissance of Times Square, which has become the epicenter of the City's entertainment, media, arts, technology, and finance industries. The Property is within walking distance of numerous Fortune 500 companies' headquarters, destination retailers, world-class dining, and 40 Broadway theaters. The Property is also one block from the popular Duffy Square pedestrian plaza, which features the TKTS booth and a large grandstand that is the primary location in Times Square for concerts and other public events.