The Hilton Garden Inn Chelsea in New York InSeptember 2010 sold for $ 68.4 million, 24 percent higher than the price of $ 55 million in October 2007, Real Capital said. JW Marriott New Orleans in February sold $ 94.3 million yearfor, a price increase of $ 55 million paid in January 2008.
Even hotels forgeneric get 20, 30 offers .. The price is very aggressive, Barry Sternlicht, Starwood real estate investors founderof Trust Inc. (STWD), said investment conference in New York aninterview HospitalityIndustry University International in New York on June 6
(FCH) has agreed to buy theRoyalton and boutique hotels in New York Morgans Hotel Group Co. fromMorgans FelCor has a minimum rate of 5 percent cap THEhotel said Stephen Schafer, a spokesman for the company. In April, FelCor rely Inc. (MHGC) for $ 140 million, or about $ 500,000 perroom.
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