Anonymous ID: 353573 Feb. 6, 2023, 2:32 p.m. No.18297151   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>7182

Shuttered Midtown hotel sells at a massive loss

The landmarked former Marriott at 525 Lexington Ave. went for about $153 million after trading for $270 million in 2015

 

Related:

Migrants could be moving into the worldโ€™s tallest Holiday Inn

 

William Vale hotel owner can move forward with bankruptcy, judge rules

 

Hotel at Times Square heading to the auction block>>18297060

Anonymous ID: 353573 Feb. 6, 2023, 2:43 p.m. No.18297216   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>7231

>>18297202

 

paywall: https://www.crainsnewyork.com/real-estate/shuttered-midtown-manhattan-hotel-sells-massive-loss

 

Landmarked former Marriott at 525 Lexington Ave.: story is big loss in big city "reflecting troubles in the City's hotel industry since the pandemicโ€ฆ"

 

immigrants going to Holiday Inn (maybe).