Located in Midtown, the Tudor Hotel at the UN is part of theTudor City historic area and is in close proximity to Grand CentralStation, the Midtown business district, Midtown East and Upper EastSide residential neighborhoods. The hotel is located directlyacross the street from the Pfizer World Headquarters and is nearbythe world headquarters of Metropolitan Life Insurance and ColgatePalmolive.
Cushman & Wakefield Sonnenblick Goldman was hired by theseller of each property to serve as the exclusive advisor for eachtransaction. Although Mark Gordon, EVP, principal and head ofCushman & Wakefield's US Hotel Group, tells GlobeSt.com thatthe price and sellers could not be disclosed at this time but didsay that the properties were owned by two different investmentgroups. "The Soho property sellers were based out of New York Cityand the Tudor Hotel seller was based in Washington, DC."
He notes that the city continues to be the destination forglobal hotel investment "as evidenced by the interest we receivedfor both transactions." He continues that the Procaccianti Grouphad not previously invested here.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
