Newbond & Apollo Acquires The Renaissance New York Times Square Hotel For $165M

The Renaissance New York Times Square Hotel, located at Two Times Square, 714 Seventh Avenue in Midtown Manhattan, has been sold for $165,000,000. This hotel property spans 200,000 square feet, resulting in a price per square foot of $825.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $165,000,000
• Address: Two Times Square, 714 Seventh Avenue
• Market: Midtown Manhattan
• Buyer: Newbond & Apollo
• Seller: Sherwood Equities
• Broker Representatives: Adam Spies, Adam Etra, Avery Silverstein & Nikita Bernstein - Newmark

This transaction involved key players in commercial real estate. Newbond & Apollo acted as the buyers of the property, while Sherwood Equities served as the seller. The brokerage team from Newmark was composed of Adam Spies, Adam Etra, Avery Silverstein, and Nikita Bernstein, who represented the parties in this deal.