Marriott Marquis, Times Square Hotel at 1535 Broadway
NEW YORK CITY—Vornado Realty Trust bought a 46% interest in the retail condominium located at the base of the New York Marriott Marquis Times Square Hotel for $442 million. The seller, the Bethesda, MD-headquartered Host Hotels & Resorts, is a publicly-owned company which invests in hotels.
Vornado now owns 100% of the 45,000 square feet of retail and the 330 linear-foot, 25,000 square-foot display, which is the largest digital sign in New York. The retail area is 100% leased to T-Mobile, Invicta, Swatch, Levi's and Sephora, and the 1,611 seat Marquis Theater is leased to the Nederlander Organization.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
