NEW YORK CITY-InterContinental Hotels Group PLC, headquartered in Denham, UK, is seeking new buyers for New York Barclay, a flagship hotel situated in midtown Manhattan's East Side. The 685-room hotel, constructed in 1926, is situated off Park Avenue.
The sale was initially expected to be closed by the end of last year, but has continued for over a year. New York Barclay could fetch almost $350 million. InterContinental also runs the Holiday Inn and Crowne Plaza chains. For the full story, go to Wall Street Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
