Hilton’s timeshare arm, Hilton Grand Vacations, acquired luxury Manhattan hotel The Quin for roughly $175 million.
The Quin was sold by a fund managed by UBS Asset Management. This makes it the fourth property in the city owned by Hilton Grand Vacations, one of which is located directly across the street from The Quin.
The Quin initially opened in 1929 on West 57th Street. The property was designed by Emery Roth using a Beaux Arts style, and at the time the building was known as The Buckingham. It previously was sold in 2010 under the Buckingham name, trading for $60 million. The hotel reopened in 2013 as The Quin, maintaining its Beaux Arts style.
The Quin offers the Quin Arts program, which consists of a series of ongoing events, exhibitions, salons, lectures, film premiers, book debuts, musical performances and receptions. The hotel has a 15-foot video art wall that is used as part of the program, and the property also provides an artist-in-residence program.
The hotel consists of 208 guestrooms, and includes access to an 800-square-foot fitness center, a 24-hour drawing room furnished by Apple and a 10-seat executive boardroom. The hotel also offers the Wayfarer American Grille. Each of its guestrooms are outfitted with “hand-selected sustainable materials” and electronic controls for lighting, shades and climate.