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.
The price is very aggressive, Barry Sternlicht, Starwood Hotels founderof real estate investors forgeneric Trust Inc. also get 20 of 30 offers .. (STWD), said investment conference in New York aninterview HospitalityIndustry University International in New York on June 6
In April, FelCor trust FelCor Inc. expects a minimum of 5 percent cap THEhotel said Stephen Schafer, a spokesman for the company. (MHGC) for $ 140 million, or about $ 500,000 perroom. (FCH) has agreed to buy theRoyalton and boutique hotels in New York Morgans Hotel Group Co. fromMorgans
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