Westin Grand Central, NYC [Master Thread]
Jan 27, 2011, 8:49 am
#1
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Westin Grand Central, NYC [Master Thread]
http://www.bizjournals.com/washingto...html?ana=yfcpc
Looks like Starwood will be taking over management of this hotel, which will remain unbranded until renovations are finished, at which point it will become a Westin.
I've never actually stayed at the Helmsley, but it'll be nice to have another option on the east side.
Looks like Starwood will be taking over management of this hotel, which will remain unbranded until renovations are finished, at which point it will become a Westin.
I've never actually stayed at the Helmsley, but it'll be nice to have another option on the east side.
Jan 27, 2011, 9:11 am
#3
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"At closing, Starwood Hotels and Resorts Worldwide Inc. will take over the management of the property as an unbranded hotel."
"The transaction is expected to close in late March 2012."
Is this an error that should read March 2011? Or will ownership really not even change to Host until 2012?
Edited to add:
I am nearly certain that this is an error by the news article's author. Host is expected to close on the property in March 2011.
Location: 212 East 42nd Street NY, NY
"The transaction is expected to close in late March 2012."
Edited to add:
I am nearly certain that this is an error by the news article's author. Host is expected to close on the property in March 2011.
Location: 212 East 42nd Street NY, NY
Last edited by sc flier; Jan 27, 2011 at 9:20 am
Jan 27, 2011, 9:51 am
#5
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From the WSJ:
"It's a great three-star [hotel] that hasn't had any capital reinvested of consequence in 10-plus years," says Lawrence Wolfe, senior managing director at Eastdil Secured in New York, who isn't involved in the sale. "It needs a heavy redo [of] $50,000 in each guest room plus money into the public area and facade."
Jan 27, 2011, 1:29 pm
#6
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I stayed there when it was a HARLEY, way before it was a Helmsley. Back when it was a very very nice hotel. Would love to stay there again if it's up to snuff! Just as I've been despairing over the loss of the 2 Ws on the east side! Wow. I really look forward to this!
Excellent location for those of us who love to visit NYC but don't necessarily want the noise and commotion of Times Square. Great news! ^
Excellent location for those of us who love to visit NYC but don't necessarily want the noise and commotion of Times Square. Great news! ^
Jan 28, 2011, 11:54 am
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Last edited by James Luckard; Jan 28, 2011 at 12:01 pm
Jan 30, 2011, 8:36 am
#11
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More seriously, not only does it put SPG back in Midtown East Side, it will help them better compete against the nearby Grand Hyatt, which is also receiving a major refurbishment.
Jan 30, 2011, 10:22 am
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Jan 30, 2011, 11:42 am
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