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# Blackstone said to seek $500 million for NYC London Hotel
- URL: https://hospitality.pro/blackstone-said-to-seek-500-million-for-nyc-london-hotel/
- Published: 2013-12-30T04:55:12.000Z
- Updated: 2013-12-30T04:55:12.000Z
- Author: H L
- Tags: Hospitality Industry News, Hotel Development, News, #wordpress, #Import 2026-04-16 12:15

1Blackstone Group LP (BX)?hired Eastdil Secured LLC to sell the leasehold on the London NYC hotel in midtown Manhattan, two people with knowledge of the matter said.

Blackstone is seeking $500 million for the leasehold, which has 123 years remaining, according to the people, who asked not to be named because the details are private.

The private-equity firm bought the leasehold on the 54-story luxury?hotel, formerly known as the Rihga Royal, for $193 million in 2005 and renovated the property, adding a restaurant and cafe by celebrity chef?Gordon Ramsay. The hotel, at 151 W. 54th St. between Sixth and Seventh avenues, offers views of?Central Park.

A deal would include a carriage house on 55th Street that?s connected to the north side of the hotel, the people said.

Peter Rose, a spokesman for New York-based Blackstone, declined to comment on the planned sale, which was reported yesterday by the Real Deal. Roy March, chief executive officer of Eastdil, didn?t immediately respond to an e-mail.

Blackstone last month sold the London West Hollywood hotel for $195 million to Northwood Investors LLC, a private-equity firm started by John Kukral, Blackstone?s head of real estate until the end of 2005.

###### Source Bloomberg, http://www.bloomberg.com/news/2013-11-01/blackstone-said-to-seek-500-million-for-nyc-london-hotel.html