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RFR Holding Buys NY Hotel For $275M

Aby Rosen’s RFR Holding is buying the Paramount Hotel in New York.

Aby Rosen’s RFR Holding is buying the Paramount Hotel in New York, The Wall Street Journal reports. The firm will pay $275 million for the acquisition.

The property was sold by Walton Street Capital and Highgate Holdings. The joint venture bought the hotel in 2007 for roughly $160 million, adds GlobeSt.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from GlobeSt.

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