Viceroy Hotel Sells for $148.5M

Source:  CoStar

American Realty Capital NY Recovery REIT, Inc. (NYRR) acquired the leasehold interest in the Viceroy Hotel located at 120-124 W. 57th St. in New York City from Ark Partners for $148.5 million, exclusive of closing costs. The newly-constructed, 240-room hospitality building is located in Manhattan's Columbus Circle submarket, between 6th and 7th Avenues. Roman and Williams designed the 29-story, 108,441-square-foot hotel, being managed by Viceroy...

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