The Ritz-Carlton New York Central Park has gone on the selling block, with bidding for the trophy hotel expected at an estimated valuation of about $400M.
If the estimated valuation of $1.6M per room is achieved in a sale of the Ritz-Carlton, the transaction could become the most lucrative hotel deal in Manhattan since 2018, on a per-room basis.
The priciest hotel deal in Manhattan since 2020, in terms over overall valuation, was last year's $623M sale of the 610-room Park Lane Hotel, at 36 Central Park South—the same block as the Ritz-Carlton.
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