fromtherealdeal.com
1 week agoGencom comes for NYC's luxury hotel crown
The Miami-based investor paid about $320 million for the 253-key Ritz-Carlton Central Park South at 50 Central Park South, adding a third Manhattan hotel to a rapidly expanding local portfolio. Property records show a $270 million transfer price, though that figure excludes fixtures and other non-real estate assets. Banco Inbursa provided a $235 million acquisition loan, assuming and upsizing debt originally issued by KeyBank.
New York City