Parker New York Hotel
NEW YORK CITY—The Parker New York Hotel, also known as Le Parker Meridien, will be renovated and reopened in 2021 under new ownership as a flagship Thompson Hotel. Fund manager Elliott Management Corporation and hotel developer GFI Capital acquired the Parker New York from the Jack Parker Corporation for $420 million in a deal which closed on Jan. 24.
Built in 1981, the 42-story hotel is located at 119 W. 56th St. It overlooks Central Park and is situated along the famed “Billionaires' Row” corridor in Manhattan.
The new owners are spending more than $100 million to revitalize the hotel. The plans include adding new luxury residential condominium units, with Thomas Juul-Hansen designing interiors.
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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.
