Published On:
Thu, Oct 15th, 2015
Allen Gross’ GFI buys Carlton Hotel for $162 Million
GFI buys Carlton Hotel for $162M
Acquisition adds to firm's NoMad hotel holdings
Allen Gross’ GFI Capital Resources Group acquired the Carlton Hotel in NoMad for $162.1 million, according to property records filed with the city Wednesday. GFI bought the 12-story, 317-key hotel at 88 Madison Avenue from the Wolfson Group, a Financial District-based real estate investment firm led by the Wolfson family. The deal for the 111-year-old Beaux-Arts building, located between East 28th and East 29th streets, closed Sept. 30.
Read the full story at The Real Deal, by Rey Mashayekhi
Read more about: 88 Madison Avenue, Allen Gross, Beaux-Arts building, Business/Finance, Carlton, Carlton Hotel, CARLTON HOTEL PORTFOLIO AU, East 28th and East 29th streets, GFI Capital Resources Group, Hospitality/Recreation, M&A, Nomad, real estate investment, Wolfson Group