Wednesday 3 October 2018

LA investment firm picks up Lower Manhattan hotel for $147M

Los Angeles-based firm Urban Commons has acquired the hotel portion of the Wagner at the Battery. The company paid Millennium Partners and Westbrook Partners $147.3 million for the hotel at 2-10 West Street, according to documents filed with city on Wednesday. The hotel — which comprises 298 rooms across 12 floors at the base of the hotel — was put on the market in 2013 with an asking price of $200 million. The upper floors […]



source https://therealdeal.com/2018/10/03/la-firm-picks-up-lower-manhattan-hotel-for-147m/

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