Beverly Hills-Based Hawkins Way Capital Buys 655-Room Hotel in Midtown, Manhattan

Hawkins Way Capital | January 31, 2023

NEW YORK, Jan. 31, 2023-- Hawkins Way Capital, in a joint venture with Värde Partners, has acquired 525 Lexington Avenue in Midtown, Manhattan, comprising a 655-room, 406,261 square foot tower across 35 stories. A designated landmark building, the 1924-built property previously operated as a Marriott International branded hotel focused on corporate and business travel before closing at the onset of the Covid-19 Pandemic. "525 Lexington represents a compelling opportunity to increase our footprint in the heart of Manhattan at a favorable basis. We believe the property will benefit from an injection of fresh equity ...