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Jho Low-linked New York hotel fails to draw any bid near US$1b price

Dearth of offers reflects softness of real estate market, particularly at upper end

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Published Fri, Nov 3, 2017 · 09:50 PM

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    New York

    WHAT if they held an auction and nobody bid?

    Last week, offers were due in the auction of the 47-storey Park Lane Hotel on Central Park South, which sits on what the seller argues is one of the best locations in the world, a stretch of Midtown Manhattan that has become known as "Billionaires' Row".

    New York

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