New York REIT to sell the Viceroy New York

New York REIT is now selling its leasehold interest in the Viceroy New York hotel. 

The news comes amid reports that competitor SL Green Realty is nearly finished with a deal to acquire New York REIT and its portfolio of 23 properties. The details of that deal have yet to be disclosed, but New York REIT acquired the Viceroy New York two years ago for $148.5 million, or $618,000 a key.

FREE DAILY NEWSLETTER

Like this story? Subscribe to Operations & Technology!

Hospitality professionals turn to Operations & Technology as their go-to source for breaking news on guestrooms, food & beverage, hospitality and technology trends, management and more. Sign up today to get news and updates delivered to your inbox daily and read on the go.

The 29-story, 240-room hotel was built in 2013, and was the first ever hotel acquisition made by New York REIT, which at the time was known as New York Recovery REIT.