One of New York City's classic hotels, the Park Lane Hotel, at 36 Central Park South, has been sold for $660 million. Also, Brookfield Office Properties Inc. has acquired One North End Ave. in lower Manhattan for $200 million.
December 18, 2013 at 12:00 AM
1 minute read
One of New York City’s classic hotels, the Park Lane Hotel, at 36 Central Park South, has been sold for $660 million. The 605-room luxury hotel, with 47 floors and 446,000 square feet, is located between Fifth and Sixth avenues.
The property was sold by the Leona M. and Harry B. Helmsley Charitable Trust. Real estate magnate Harry Helmsley died in 1997 and his wife Leona passed away 10 years later.
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