Manhattan’s World-Renowned Paramount Hotel Lands on Global Top 10 Largest Single-Asset Hotel Sales in 2011

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By Shea Communications -

NEW YORK, NY – October 28, 2011 – (RealEstateRama) — One of the largest U.S. hotel investment sales conducted this year shows investor confidence and a healthy competitive appetite still exist for core product in major hotel markets, as evidenced with the closing of the Paramount Hotel in Manhattan. Jones Lang LaSalle Hotels completed the transaction on behalf of Walton Street Capital and Highgate Holdings and sold the 597-room property to RFR Holding.

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