Times Square Four Points hotel sells for US$460,000 per key

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Published on 06/06/11 - Updated on 17/03/22

Gehr Development has acquired the 244-key Four Points by Sheraton Midtown Times Square for US$112 million, or approximately US$460,000 per key.

The hotel is adjacent to the 244-key Fairfield Inn by Marriott Times Square that Gehr purchased in 2009. The latest transaction is part of a US$170 million portfolio financing secured by both hotels.The company's New York portfolio also includes Sky Room Times Square, Manhattan's highest rooftop lounge, which is located on the 33rd and 34th floors of both hotels.The company's New York portfolio also includes Sky Room Times Square, Manhattan's highest rooftop lounge, which is located on the 33rd and 34th floors of both hotels.

Marriott International

Marriott International

Hotel Group

  • Marriott International United-States
  • Offres d'emplois 52 currents job offers
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