Latest news: Price of Gencom’s NYC deal; another PMG tower in Miami; new COO at Park Hotels
Breaking news about deals, development, data and more. Price of Gencom NYC deal. Gencom paid about $320 million…
How third NYC deal came together quickly for Gencom
Alessandro Colantonio said the owner has always coveted the New York City market, but could never get the…
Waldorf Astoria New York for sale: WSJ
Pressured Dajia Insurance Group likely won’t recoup the total investment, but a $1 billion price tag is expected.…
Acquisitive Gencom adds Ritz-Carlton in NYC
Gencom caps an active year with the purchase of The Ritz-Carlton New York Central Park from Westbrook Partners…
NYC leads projections for new hotels in 2026
Data from CoStar also projects a dramatic increase in the number of hotels opening over the next two…
Ace Hotel Brooklyn owners secure $112.5M refi
A pair of New York City-based companies secured the loan to refinance the full-service hotel in the New…
Latest news: Lotte completes NYC acquisition; Hyatt Jamaica resorts still closed; Salt Lake refi
Breaking news about deals, development, data and more. Lotte acquires land beneath NYC hotel. Seoul, South Korea-based Lotte…
Equinox hotel in NYC sells to Mori Trust
Japanese company pays a reported $541 million for the lower half of the Hudson Yards Tower, which includes…