Hotel Market


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30 West 31st Street and 52 West 36th Street (Credit: Google Maps)

South Korean firm snaps up two Midtown hotels for $137M

Aju Hotels & Resorts is the buyer in the recent sale of two Midtown hotels of the former Chesapeake...

Brookfield Property Group CEO Brian Kingston and 652 11th Avenue (Credit: Google Maps)

Brookfield drops $83M on Hell’s Kitchen hotel

Brookfield Property Partners picked up a hotel along 11th Avenue in Hell’s Kitchen for $82.7 million. The seller was...

Mensur Cekic, Hudson Yards’ director of residences

From private tutors to meditation sessions, inside NYC’s new amenities battle

Seated at a long dining table in a staged $11.8 million apartment on the 65th floor of 35 Hudson...

Lightstone Group CEO David Lichtenstein and Moxy Chelsea at 105 W 28th Street (Credit: Lightstone and Facebook)

Lightstone gave its neighbors $7M to build a hotel. Then the neighbors secretly went to war, suit claims.

In 2015, the Lightstone Group paid $6.75 million to the people who run condominium next door in exchange for the development rights to build...

Here are the numbers behind Michael Dell’s record purchase of the Boca Raton Resort

Billionaire Michael Dell’s MSD Partners is planning to invest $75 million into the Boca Raton Resort & Spa, according...

Long Island’s hotel market could be headed for a downturn

The hotel market on Long Island is expected to take a significant downturn in the next four years, becoming...

This obscure Caribbean island is a favorite among the super wealthy

Within the Caribbean islands of Grenada and St. Vincent, there’s a picturesque isle frequented by the super wealthy called...

Manhattan hotel at center of 1MDB fraud case lands $615M refinancing

Deutsche Bank and JPMorgan have loaned the Witkoff Group and his investment group $615 million to refinance the Park...

Hilton chief talks China, the Waldorf Astoria and tipping at NYU hospitality conference

Hilton Worldwide Holdings’ dealings with the Chinese government, the Waldorf Astoria and tipping practices were all topics of conversation...

Is the hotel market under siege? Execs point to political climate as “a big concern”

Hotel investors at NYU’s annual hospitality conference say they’re hungry for good deals despite a slowing economy, rising costs...

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