Business Services Industry
Jones Lang LaSalle to market 3 hotels
Real Estate Weekly, May 14, 2003
Jones Lang LaSalle Hotels has been appointed to market the sale of a three-property, 506-room boutique hotel portfolio in New York City. The portfolio includes The Mansfield, The Roger Williams and The Shoreham, all luxury properties that are located in midtown Manhattan. They are offered either individually or as a portfolio with management availability, but all are subject to ground leases.
"This offering is a rare opportunity to acquire three hotels located in the most stylish areas of New York City," said Art Adler, managing director and CEO -- Americas for Jones Lang LaSalle Hotels.
The beaux-arts styled Mansfield is situated on 44th Street, steps away from Times Square, Broadway and Fifth Avenue shopping. It is a 12-story, 127 guestroom boutique hotel that features copper-clad sheathing, cast-iron and stone-detailing, preserved terrazzo floors and a two-story lobby.
The 202-room Roger Williams is located at Madison Avenue and 31st Street near the Flatiron District. The hotel caters to the publishing, finance, and design crowd characteristic of its popular midtown South location. The 177-room Shoreham Hotel a short walk to Central Park, Carnegie Hall, Trump Tower, The Museum of Modern Art, and Broadway Theatres.
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