August 7, 2017 Comments (0) Views: 451 Midtown New York, New York News

$55M for the Royalton Hotel

Highgate and Rockpoint Group paid $55 million for the Royalton Hotel in Midtown Manhattan.

The 168-key Royalton is an iconic, full-service boutique hotel located in the heart of town at 44 W. 44th St., only a few minutes walk from Times Square, Grand Central Station and Rockefeller Center.

The buyers received $36.4 million in acquisition financing from Deutsche Bank, secured by JLL, which also represented the seller, FelCor Lodging Trust, in the transaction.

Read More at JLL

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