Ritz-Carlton Sold to Westbrook Partners $105 Million - 50 Central Park South

Hotel Real Estate News NYC

Millennium Partners sold The 259 Rooms Ritz-Carlton Hotel at 50 Central Park South to Westbrook Partners $105 Million -

$425,400.00 Per RoomView NYC Hotels For Sale Listings

The Ritz-Carlton at 50 Central Park South includes a number of condos, known as the Residences at Ritz-Carlton, which are owned separately. The Residences comprise 12 stories and 80,457 square feet of the 33-story, 324,293-square-foot building, according to PropertyShark. The building was formerly the St. Moritz Hotel.

 

Westbrook also bought the St. Regis Washington hotel for $100 million last May, foreclosing on Irish firm Claret Capital, which paid $170 million during the 2007 peak.

Millennium owns Ritz-Carlton brand hotels in New York's Battery Park, as well as Washington, D.C., and Boston

 

Source: City Record & The NY Post

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