This must be part of a portfolio sale as the seller has turned down the purchase of just one of the hotels and turned down $368mm for the portfolio.
There is a total of 625 guest rooms in the portfolio, plus-plus-plus restaurants, lounges, pools, things for the kids to do and all the new york life to see.
Since is well performing, a buyer signed ncnd/mfa and at least a proof of funds will be needed to move forward

Posted Feb 26, 2016

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