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January 24, 2018  

Capstone, HEI Circling W Hotel in NY

Host Hotels & Resorts is in talks to sell a luxury hotel in Midtown Manhattan to a joint venture between Capstone Equities and HEI Hotels & Resorts.The price being discussed for the 697-room W Hotel New York is in the vicinity of $300,000/room, or $209 million. Eastdil Secured is representing Host, a REIT in Bethesda, Md.The hotel, at 541 Lexington Avenue, is part of the luxury W Hotel line operated by Bethesda-based Marriott International....

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