SOLD
Apollo Global Management And Newbond Holdings Acquire Times Square Hotel For $85M
234 West 42nd Street
Hotel
300,359 SF
300,359 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Hotel
300,359 sqft
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.
Details
SOLD
IMAGE: - UNDER CONTRACT
IMAGE: Leon Black, Neil Luthra & Marc Rowan
DATE: 06/06/2022
ADDRESS: 234 West 42nd Street
MARKET: Times Square
ASSET TYPE: Hotel
BUYER: Apollo Global Management - Marc Rowan and Leon Black & Newbond Holdings - Neil Luthra
SALE PRICE: $85,000,000
KEYS: 478 ~ PPK: $177,824
NOTE: The deal is expected to close this summer.View on map
Loading...
Address234 West 42nd Street
Comparables
Reset filters to show results.