870 Seventh Avenue | TRD Research
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870 Seventh Avenue

870 Seventh Avenue
New York, NY 10019
Hotel
  • Address 870 Seventh Avenue
  • neighborhood Midtown West
  • borough Manhattan
  • owner entity PC FESTIVUS, LLC
  • floors 30
  • Year Built 1925
  • commercial units 290
  • total units 290
  • square feet 174,539
  • block and lot 1-01027-7501
  • BIN 1024878
  • Event Sales
  • Address 870 Seventh Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 396,200,000
  • Price per foot $ 425,000.00
  • Publication Date 02/01/2012
  • Event Date 12/23/2011
  • Party 1 Brokerage Hodges Ward Elliott
  • Party 2 LaSalle Hotel Properties
notes
The Park Central hotel sold for $396.2 million, or about $425,000 per key. The buyer plans to spend between $30 million and $35 million to renovate the hotel starting late this year, including an upgrade of guest rooms, bathrooms, corridors and the lobby by 2013.
  • Event Sales
  • Building Name Park Central Hotel
  • Address 870 Seventh Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 200,000,000
  • Event Sales
  • Building Name Park Central Hotel
  • Address 870 Seventh Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Publication Date 12/01/2004
  • Event Date 10/22/2004
  • Party 1 Lehman Brothers
  • Party 1 Brokerage Sonnenblick-Goldman
  • Party 2 Highgate Holdings
notes
Investment firm signed letter of intent to purchase hotel