Hyatt Place New York Midtown South
Crescent Hotels & Resorts adds Two NYC Hyatt Hotels to Management Portfolio
Crescent Hotels & Resorts | September 18, 2019
New York, NY (September 18, 2019) – The Hyatt Herald Square New York and the Hyatt Place New York/Midtown South are now being managed by Crescent Hotels & Resorts. Crescent Hotels & Resorts is an award winning, nationally recognized operator of major hotels and resorts throughout the United States & Canada. The Hyatt Herald Square New York is a stylish hotel in Midtown Manhattan, on 31st Street between Broadway and 5th Avenue. The Hyatt Place New York/Midtown South is just a few blocks north, on 36th Street between Broadway and 5th Avenue. Both Hyatt hotels are pet-friendly, feature on-site restaurants and markets with Gra...
Chesapeake Lodging Trust Announces Agreement to Sell New York Hotels for $138 Million or $450K Per Room
Chesapeake Lodging Trust | July 25, 2019
ARLINGTON, Va. -- Jul. 25, 2019 -- Chesapeake Lodging Trust (NYSE:CHSP) (the “Trust”) announced today that it has entered into an agreement to sell the 122-room Hyatt Herald Square New York and the 185-room Hyatt Place New York Midtown South, both located in New York, New York, for an aggregate sale price of $138.0 million, or approximately $450,000 per key, subject to customary pro-rations at closing. The proposed sale by the Trust of these New York hotels is anticipated to occur in mid-to-late September 2019 prior to completion of the Trust’s proposed merger with Park Hotels & Resorts Inc. (“Park”). The proposed merger rema...
