MCR Purchases The Lexington Hotel, Autograph Collection by Marriott, in New York City for $185 Million
MCR the countrys 4th-largest hotel owner-operator has acquired the 725-room The Lexington Hotel for $185 million, which equates to $255,000 per guestroom.
- MCR the countrys 4th-largest hotel owner-operator has acquired the 725-room The Lexington Hotel for $185 million, which equates to $255,000 per guestroom.
- The hotel was purchased by MCR in a joint venture transaction with Island Capital Group and Three Wall Capital LLC.
- View the full release here: https://www.businesswire.com/news/home/20210720005378/en/
The Lexington Hotel, Autograph Collection by Marriott (Photo: Business Wire)
Located along Lexington Avenues Hotel Alley at 48th Street, the iconic Lexington Hotel was landmarked in 2016 as one of the most architecturally significant properties in Manhattan. - Since its opening in 1929, The Lexington Hotel has housed historic figures, international celebrities, world leaders and renowned sports icons.