Deal review: at Essex House NYC, Marriott pays, while owners clip their guarantee
March 5, 2014 · Oggie · Transactions
Strategic Hotels and Resorts in partnership with KSL Capital Partners acquired the Essex House towards the end of 2012. The hotel was reflagged to JW Marriott brand after Marriott International signed a 50-year management deal, in which it provided NOI guarantee to the new owners. Year 2013 is the first full year following the closing […]