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NEW YORK CITY-Starwood Hotels & Resorts, a global owner/manager of hotel franchises, has disposed of one of its most visible Midtown assets. A joint venture of Rockpoint Group, Goldman Sachs’ Real Estate Principal Investment Area and Highgate Hotels have acquired the Manhattan at Times Square Hotel for $275 million in an all-cash transaction, according to a statement from the Stamford, CT-based company.

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