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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
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