Transactions reported this week included the sale of a hotel in New York City.
Hilton’s timeshare arm, Hilton Grand Vacations, acquired luxury Manhattan hotel The Quin for approximately $175 million.
The Quin was sold by a fund managed by UBS Asset Management. This makes it the fourth property in the city owned by Hilton Grand Vacations, one of which is located directly across the street from The Quin.
The Quin initially opened in 1929 on West 57th Street.
The hotel consists of 208 guestrooms and includes access to an 800-square-foot fitness center, a 24-hour drawing room furnished by Apple and a 10-seat executive boardroom. The hotel also offers the Wayfarer American Grille.
Buyers
