{"id":44777,"date":"2025-11-19T14:02:07","date_gmt":"2025-11-19T14:02:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/44777\/"},"modified":"2025-11-19T14:02:07","modified_gmt":"2025-11-19T14:02:07","slug":"equinox-hotel-in-nyc-sells-to-mori-trust","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/44777\/","title":{"rendered":"Equinox hotel in NYC sells to Mori Trust"},"content":{"rendered":"

Japanese company pays a reported $541 million for the lower
\nhalf of the Hudson Yards Tower, which includes the first Equinox hotel.<\/p>\n

NEW YORK CITY \u2013 Related Cos. and Oxford Properties Group
\nhave sold the Equinox hotel, office and retail space at the 35 Hudson Yards
\ntower in New York for a reported $541 million to Japan\u2019s privately held Mori
\nTrust.<\/p>\n

Mori Trust purchased the first to 38th floors of the
\nmegaproject, 490,128 square feet of the 1 million square foot building\u2019s floor
\narea, with condos on floors 53 to 92 excluded from the deal.<\/p>\n

The news comes as Equinox announced a mixed-use development
\ndeal in Anguilla<\/a>.<\/p>\n

Mori Trust gets a 60,000 square foot Equinox health spa,
\n180,000 square feet of fully leased office space (including the corporate
\nheadquarters of Related-owned Equinox) and 237,453 square feet for the 212-key
\nEquinox Hotel occupying the 24th to 38th floors.<\/p>\n

\u201cAcquiring high-quality properties overseas, such as 35
\nHudson Yards, contributes to the stability and sustainability of our asset
\nportfolio and will drive further growth in the future,\u201d said Mori Trust
\npresident and CEO Miwako Date. \u201cGoing forward, we will operate 35 Hudson Yards,
\nan iconic building representing Manhattan, as an even more attractive
\nproperty.\u201d<\/p>\n

The latest buy follows Mori Trust\u2019s 2023 acquisition of a
\n49.9% stake in a Midtown Manhattan office building, 245 Park Avenue, from joint
\nowner SL Green Realty in a deal valuing the 45-storey tower at $2 billion.<\/p>\n

The Hudson Yards property is Mori Trust\u2019s 12th real estate
\ninvestment in the U.S., predominantly office buildings. In Japan, last year it
\nbought the 200-room Fairfield by Marriott Osaka Namba.<\/p>\n","protected":false},"excerpt":{"rendered":"Japanese company pays a reported $541 million for the lower half of the Hudson Yards Tower, which includes…\n","protected":false},"author":2,"featured_media":44778,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[25689,25685,25687,25688,25680,232,2364,25684,4927,25683,9,1492,56,63,65,64,25686,25681,25682],"class_list":["post-44777","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-asset-management","tag-brands","tag-debt-and-equity","tag-financing","tag-insights","tag-lifestyle","tag-luxury","tag-management","tag-mergers-and-acquisitions","tag-mergers-and-acquistions","tag-new-york","tag-north-america","tag-ny","tag-nyc","tag-nyc-headlines","tag-nyc-news","tag-owners","tag-regions","tag-whats-hot-trending"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/44777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=44777"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/44777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/44778"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=44777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=44777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=44777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}