The storied Helmsley Park Lane Hotel on Central Park South is headed to the auction block, with the estate of Leona Helmsley looking to cash in on the surging demand for high-end condominium conversion sites, the Wall Street Journal reported.
The 370,000-square-foot 46-story hotel has already attracted two serious suitors, sources told the Journal. Both developer Harry Macklowe and a consortium led by Steven Witkoff and CIM Group have put in nonbinding offers north of $600 million. [more]












