Marcus & Millichap Announces Sale of The Martinique Hotel
NEW YORK—Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced the sale of Martinique New York on Broadway, a 531-room landmark hotel in Manhattan. The asset was purchased for $55.5 million with an approximated total development cost of $110 million. “Our team worked tirelessly over the past 12 months to overcome multiple hurdles during the sales process,” said Eric Anton of Marcus & Millichap’s Manhattan […]
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