Hotels

$450B sovereign wealth fund adds iconic Central Park South trophy.

Acquired in 2019, shuttered in pandemic, hotels to be renamed.

It is being acquired by KSL Capital Partners in an all-cash transaction.

MCR Hotels has inked a 99-year ground lease, plans renovation.

Maefield failed to repay $750M loan that came due.

South tower of iconic downtown lodging may convert to dormitories.

The average entry cost during the first half of 2023 was $103,200 per key, a 4.1% decline from last year.

Though it depends on the subtype and location, according to Trepp.