Jones Lang LaSalle Hotels Closes $140M Sale of the Morgans and Royalton Hotels in New York

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By Shea Communications -

NEW YORK, NY – May 24, 2011 – (RealEstateRama) — On behalf of Morgans Hotel Group, Jones Lang LaSalle Hotels today announced the sale of the Morgans and Royalton Hotels in New York. FelCor Lodging Trust purchased the two hotels for $140 million. Leading the Jones Lang LaSalle Hotels team on this transaction was Executive Vice President Jeffrey Davis with Vice President Gilda Perez-Alvarado.

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