Holiday Inn Manhattan is sold for $121.4 million

06/12/2013 | (free registration)

Carey Watermark Investors has purchased the 226-room Holiday Inn Manhattan 6th Avenue hotel in New York for about $121.4 million. The sale price includes $8.4 million in acquisition-related costs and investment in property renovations. Carey Watermark secured $80 million in debt to finance the acquisition.

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