search

The Real Deal Logo

Trending

Housing deal finally passes; here are the detailsHousing deal finally passes; here are the detailsCreditors demand WeWork consider Adam Neumann’s offerCreditors demand WeWork consider Adam Neumann’s offerDeveloper proposes 978-unit apartment complex on Fort Lauderdale mobile home parkDeveloper proposes 978-unit apartment complex on Fort Lauderdale mobile home parkLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421a
Popular
New York

Premier Group buys new Marriott Residence Inn for $150M

Office building undergoing conversion into 228-room hotel

Stanley Chera and 170 Broadway in Lower Manhattan
Stanley Chera and 170 Broadway in Lower Manhattan

The Premier Group acquired a Marriott Residence Inn at 170 Broadway in Lower Manhattan from the Carlyle Group, Crown Acquisitions and Highgate Hotels for $150 million.

Sign Up for the undefined Newsletter

The 18-story Property Near Maiden Lane was recently converted into a 228-room hotel from an office building. The hotel is slated to open in January. The Bahrain-based buyer also owns the Four Seasons Hotel that is now under construction at 30 Park Place.

The owners sold the 20,000-square-foot retail condominium at the building earlier this year for $70 million, as The Real Deal reported. [Crain’s] — Mark Maurer

Tags
Carlyle GroupCrown AcquisitionsHighgate