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FelCor JV Grabs NYC Knickerbocker Hotel for $115M

NEW YORK CITY-FelCor and Highgate Holdings formed a JV to pick up the iconic lodgings, located at 1466 Broadway in Midtown Manhattan.

By Miriam Lamey | Updated on February 01, 2012

NEW YORK CITY-The Knickerbocker Hotel is about to enjoy a facelift, in the wake of its sale to the newly-formed joint venture between FelCor and Highgate Foldings, according to FelCor vice president of strategic planning and relations, Steven Shafer. Fortunately, the exterior will remain unchanged.

“The interior has been completely gutted–it’s ready for immediate development,” he tells GlobeSt.com. “[The Knickerbocker] will effectively be brand new inside but it has unique architecture and a name that’s been identified by NYC residents and travelers for over 100 years.”

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