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Monday
Jan312011

RLJ Buys Doubletree Metropolitan in Manhattan for $355MM

DateMonday, January 31, 2011 at 11:27PM

RLJ Hotels has cut a $335 million deal for a Midtown hotel known for its striking architecture.

The upscale Doubletree Metropolitan Hotel is the third hotel that Mr. Johnson's RLJ Development has bought in Manhattan since 2008. He also bought the Hilton Garden Inn at 63 W. 35th St. and the Fashion 26 Hotel at 152 W. 26th St. for more than $100 million each.

"These assets are compliant with our investment strategy to buy high-caliber real estate," RLJ Development President Thomas J. Baltimore Jr. said in an interview Friday. "In New York, we have significant demand growth and high barriers to entry." Read the article here in the WSJ or read more about it here at real capital analytics

 

 

 

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    Response: Dr. Patel Dentis
    at Dr. Patel Dentis on June 28, 2014
    RLJ Buys Doubletree Metropolitan in Manhattan for $355MM - hotel industry musings - wildedge hotel group llc | nyc hotel development | hotel renovation | hotel acquisitions nyc |
  • Response
    Response: Joseph Chinnock
    at Joseph Chinnock on July 10, 2014
    RLJ Buys Doubletree Metropolitan in Manhattan for $355MM - hotel industry musings - wildedge hotel group llc | nyc hotel development | hotel renovation | hotel acquisitions nyc |
  • Response
    Response: Guy Hayenga
    at Guy Hayenga on July 10, 2014
    RLJ Buys Doubletree Metropolitan in Manhattan for $355MM - hotel industry musings - wildedge hotel group llc | nyc hotel development | hotel renovation | hotel acquisitions nyc |
  • Response
    Response: Groupwise Inc
    at Groupwise Inc on July 10, 2014
    RLJ Buys Doubletree Metropolitan in Manhattan for $355MM - hotel industry musings - wildedge hotel group llc | nyc hotel development | hotel renovation | hotel acquisitions nyc |
  • Response
    Response: Joseph Chinnock
    at Joseph Chinnock on July 10, 2014
    RLJ Buys Doubletree Metropolitan in Manhattan for $355MM - hotel industry musings - wildedge hotel group llc | nyc hotel development | hotel renovation | hotel acquisitions nyc |
  • Response
    Response: Frank Dellaglio
    at Frank Dellaglio on July 10, 2014
    RLJ Buys Doubletree Metropolitan in Manhattan for $355MM - hotel industry musings - wildedge hotel group llc | nyc hotel development | hotel renovation | hotel acquisitions nyc |
  • Response
    Response: joseph chinnock
    at joseph chinnock on July 10, 2014
    RLJ Buys Doubletree Metropolitan in Manhattan for $355MM - hotel industry musings - wildedge hotel group llc | nyc hotel development | hotel renovation | hotel acquisitions nyc |
  • Response
    Response: chaplain jobs
    at chaplain jobs on September 19, 2014
    RLJ Buys Doubletree Metropolitan in Manhattan for $355MM - hotel industry musings - wildedge group llc | nyc real estate development | mixed-use | multi-family | hotel

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