CBRE to market Park Lane Hotel

CB Richard Ellis has been hired to market the Park Lane Hotel, owned by the late Leona Helmsley. The hotel at 36 Central Park South will reportedly sell for at least $800 million. Helmsley lived at the Park Lane Hotel, which is one of several properties now controlled by a trust made up of her heirs. Luxury hotel chains could be interested in buying the 1971-built tower, which has a travertine and glass facade with arched windows at its base.