M&C buys hotel in New York for US$273.6m
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
MILLENNIUM & Copthorne Hotels, through its wholly-owned indirect subsidiary M&C New York (Times Square), is acquiring the freehold interest in Novotel New York Times Square for US$273.6 million.
The seller is 226 West Fifty-Second Street, a partnership led by a fund affiliated with Apollo Global Management and Chartres Lodging Group.
The purchase price is to be paid in cash, subject to standard purchase price adjustments.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
