Large Sovereign Fund Buys Midtown Hotel from Blackstone
Posted on 11/25/2015
A large sovereign wealth fund has acquired a 54-story luxury hotel property in Midtown from The Blackstone Group for US$ 382 million. The deal occurred on November 11, 2015. Specifically, US$ 194 million was for the property and US$ 154 was to assume the mortgage and purchase the furnishings and fixtures. In addition, ADIA assume […]
- Abu Dhabi Investment Authority
- Blackstone
- Hotels
- London Hotel
- Manhattan
- NYC
- Private Equity
- real assets
- Real Estate
- Sol Goldman
