Host Hotel & Resorts has sold the retail and commercial condo portion of the New York Marriott Marquis to Vornado Realty Trust for $442 million. Vornado had leased 45,000 square feet of retail space in the hotel at 1535 Broadway prior to the sale. It signed a 20-year lease for the property in 2012 and agreed to spend up to $140 million to expand it. The lease also gave Vornado the option to buy the space. The […]
source https://therealdeal.com/2018/09/24/vornado-is-buying-marriott-marquis-retail-for-442m/
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