Host Hotels & Resorts Sells Westin New York Grand Central

Westin New York Grand Central hotel, 212 E. 42nd St.

NEW YOR CITY—Host Hotels & Resorts closed on its sale of the West New York Grand Central hotel, located at 212 E. 42nd St., for $302 million including approximately $20 million of furniture, fixtures and equipment. The buyer was Davidson Kempner Capital Management according to a November 2018 report in Real Estate Alert.

“We have been pleased with our continued execution of further reducing our exposure to New York, a key initiative set early on in my tenure as CEO,” says James F. Risoleo, president and CEO. He further states that with the completion of the sale, the REIT sold three assets and the retail, signage and theater condo space at the New York Marriott Marquis for $1.1 billion at very attractive pricing.