The Sofitel hotel in Midtown Manhattan is being sold to an Asian real estate investor Keck Seng Investments for $272 million.
A partnership composed of Accor Group, Goldman Sachs Group and GEM Realty Capital will sell the 398-room hotel at 45 West 44th Street to the Hong Kong-listed firm Keck Seng Investments. Goldman Sachs and GEM paid $255 million for a 75-percent stake in the Midtown hotel and another Sofitel property in Philadelphia in 2006.
Accor will continue to operate the hotel. Eastdil Secured was the broker for the deal, though the individual agents were not specified.