NEW YORK, NY
LaSalle Hotel Properties has announced that it acquired The Park Central Hotel here. The 934-room, urban, full service hotel is located on Seventh Avenue, between West 55th and West 56th Streets, in midtown Manhattan.
The new owners plans to implement a renovation of the hotel, including its guestrooms, corridors and the hotel’s lobby. The renovation is expected to start late this year and get finished sometime in 2013. Highgate Holdings, which manages the hotel, has a portfolio of more than 20,000 rooms located primarily in New York, San Francisco, Washington, DC, Las Vegas and Paris.
The Park Central Hotel features 14,000 square feet of meeting and function space, including an 8,500 square foot ballroom. Additionally, the property has 4,800 square feet of retail space and two food and beverage outlets. It was originally constructed in 1928.
