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NOVEMBER 8, 2011

DEALMAKER OF THE DAY

- MBA NewsLink


Hidrock purchases 960 Avenue of the Americas to develop a Courtyard by Marriott

Marriott International Inc. is developing a 100,000-square-foot former office building in Midtown Manhattan into the Courtyard by Marriott New York Manhattan/Herald Square.

New York-based Hidrock Realty Inc. purchased the former Atlantic Bank of New York building for $40 million in 2010, reports the New York Observer. Marriott will manage
the new hotel under an agreement with Hidrock affiliate 960 Associates.

 

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