Hotel Transaction Manhattan

Royalton New York Hotel Sold for $55 Million

Royalton New York Hotel - Lobby
Royalton New York Hotel Sold for $55 million


FelCor Lodging Trust Incorporated (NYSE: FCH) yesterday announced that it has sold its 168-room Royalton New York hotel to a joint venture between Rockpoint Group and Highgate for gross proceeds of $55 million. FelCor will use net proceeds to repay borrowings under its line of credit.

FelCor, a real estate investment trust, owns a diversified portfolio of primarily upper-upscale hotels that are located in major urban and resort markets throughout the U.S. 

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