Marriott Buys W New York--Union Square for $206 Million

Date : 10/17/2019 @ 3:06PM
Source : Dow Jones News
Stock : Marriott International Inc (MAR)
Quote : 135.52  0.0 (0.00%) @ 12:00PM

Marriott Buys W New York--Union Square for $206 Million

Marriott (NASDAQ:MAR)
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By Michael Dabaie

 

Marriott International Inc. (MAR) said Thursday it purchased the 270-room W New York--Union Square.

The company said it paid $206 million for the hotel in Manhattan's Union Square area, with plans for a significant renovation.

The property first opened its doors in 1911 as the headquarters of the Guardian Life Insurance Company of America, and in 2000 opened as W New York--Union Square, Marriott said.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

October 17, 2019 10:51 ET (14:51 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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