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 has been sold in a property transaction. The asset involved in this transaction is a hotel situated in the Midtown Manhattan market. The sale price for this property is $165,000,000, and it spans an area of 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: The Renaissance New York Times Square Hotel - Two Times Square 714 Seventh Avenue
• Market: Midtown Manhattan
• Square Footage: 200,000
• Price per Square Foot: $825

The buyer in this transaction is Newbond & Apollo, and they have acquired the hotel from the seller, Sherwood Equities. The brokers involved in facilitating this transaction are Adam Spies, Adam Etra, Avery Silverstein, and Nikita Bernstein from Newmark.