/

|

Real estate giant Blackstone has reportedly snapped up Kimpton Hotel Eventi in Manhattan, New York, for $175m. The mammoth deal further fuels the rebound of New York’s hotel performance and demonstrates the appetite for urban hotel assets in prime locations.

Blackstone has agreed to buy the 292-bedroom IHG hotel from DLJ Real Estate Capital Partners and is the latest in a series of big hotel deals for the company, following recent acquisitions in Florida, including the W Fort Lauderdale and Hyatt Regency Clearwater.