From left: Haim Chera and 1466 Broadway

Walton Street Capital sold to Invesco its majority stake in the 50,000-square-foot retail condominium at 1466 Broadway in Times Square for upwards of $100 million, Crain’s reported. As a result of the deal, Invesco will now be among the three owners of the space, which is valued at $200 million. Crown Acquisitions and Highgate Holdings are the space’s other stakeholders. Adam Spies and Doug Harmon helped arrange the deal. [more]

Peter Poon Architects filed plans this month for a 36-story hotel at 136 West 42nd Street that includes 15,000 square feet of retail space created with the expectation that it can draw some of the throngs one block east from Times Square. The 282-room hotel is being developed by hotel owner and manager Highgate Holdings and Chicago-based private equity firm Walton Street Capital, along with investors Crown Acquisitions and Ashkenazy Acquisition. The new building plans are under review, the city’s Department of Buildings website shows. The 404-foot-building will have about 135,000 square feet of hotel space, the filing shows…. [more]

Midtown’s Paramount Hotel is set to hit the auction block, according to Crain’s. The hotel, located 235 West 46th Street between Seventh and Eighth avenues, is currently owned by Walton Street Capital and Highgate Holdings, the latter of which is expected to retain a stake in the building. The 597-room hotel is expected to draw numerous bidders. Although it was not immediately clear how much the hotel is expected to net at auction, hotel investors are increasingly interested in the New York City market, according to John Fox, a senior vice president at PKF Consulting…. [more]