DiamondRock Hospitality is set to acquire the Radisson Lexington Hotel in New York for $335 million, The Wall Street Journal reports. The hotel is being sold by a partnership of Blackstone Group, Goldman Sachs’ fund and Highgate Holdings.
Eastdil Secured marketed the sale. The hotel was part of the MeriStar Hospitality portfolio acquired by Blackstone in 2006.
Click here for the story from The Wall Street Journal.