From the rooftop of The Met
Helmsley Trust Sells Park Lane Hotel next to Central Park for $ 660 million USD
The 47-story, 466,000 square foot, 605 room hotel would now be rebranded as the Park Lane New York, quashing initial rumours of a possible early conversion to residential use.
The seller was the Leona M. and Harry B. Helmsley Charitable Trust, published reports show.
Witkoff Group and a Hong Kong-based equity majority partner Jynwel Capital, paid US$660 million for the hotel, the company confirmed after the closing.
Jynwell Capital is led by its Chief Executive Officer Mr. Jho Low. >> Jewish Business News