The Real Deal New York

RCG Longview sells Harlem hotel for $34M

Buyer is California-based Core Capital Investments
By Rich Bockmann | April 05, 2018 12:15PM

RCG Longview sold its 124-room Aloft Hotel in Harlem to California-based investor Core Capital Investments for $33.8 million, property records filed with the city Thursday show.

The Aloft, at 2296 Frederick Douglas Boulevard, is housed inside a hotel condominium that’s part of the Apex condominium building at the corner of West 124th Street.

The hotel unit spans a little more than 57,000 square feet from the building’s sub-cellar through the sixth floor.

Representatives for RCG Longview and Core Capital could not be immediately reached. United Overseas Bank provided the Irvine, California-based buyer with a $20.9 million acquisition loan.