Hotel Market


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Ben Hakimian, founder, Hakimian Organization; 244 West 49th Street (Google Maps, KSU)

Hakimian changes Midtown hotel plans to residential

“When events change, I change my mind. What do you do?” Nobel-winning economist Paul Samuelson famously said. The Hakimian...

Hakimian changes Midtown hotel plans to residential
Ben Hakimian and Naveen Shah of Navika Capital Group (Navika Group of Companies, LoopNet, iStock, KSU)

Hakimian sells hotel at 75 Wall Street

The Hakimian Organization is checking out of the hotel at 75 Wall Street. The group has sold the hotel portion, titled Andaz Wall Street, of the building to Navika Capital Group for nearly $85...

Hakimian sells hotel at 75 Wall Street
The home to th Oriental Mandarin Hotel at Columbus Circle (Google)
National Weekend Edition

Mandarin Oriental NY majority stake sells for $98M

Indian conglomerate Reliance Industries has purchased a majority stake in the Mandarin Oriental Hotel at Columbus Circle for nearly...

Mandarin Oriental NY majority stake sells for $98M
Midtown DoubleTree sells at staggering loss

Midtown DoubleTree sells at staggering loss

In the wake of the pandemic, New York City hotels have seen their fair share of massive discounts — and a newly recorded sale is no exception. Beverly Hills-based Hawkins Way Capital purchased the...

Midtown DoubleTree sells at staggering loss
45 West 81st Street (Google Maps)

Shuttered Excelsior Hotel sold for $80M

The pandemic may have closed the Excelsior Hotel, but the Upper West Side establishment may soon take on a new life. John Young’s Emmut Properties picked up the shuttered property at 45 West 81st...

Shuttered Excelsior Hotel sold for $80M

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