Apollo Global Management And Newbond Holdings Acquire Times Square Hotel For $85M

The sale of a hotel in Times Square is currently under contract. The property, located at 234 West 42nd Street, is expected to close this summer. The deal involves a sale price of $85,000,000 and includes 478 keys. The price per key amounts to $177,824.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $85,000,000
• Address: 234 West 42nd Street
• Market: Times Square

The buyer in this transaction is a joint venture between Apollo Global Management, represented by Marc Rowan and Leon Black, and Newbond Holdings, represented by Neil Luthra.

Leon Black, Neil Luthra, and Marc Rowan are the key individuals involved in this deal.