New York City Hotel Sale

If you are looking to book a room at some fabulous hotels in NYC such as the St Regis, Mayflower or Stanhope you better have deep pockets. These standouts are going condo and at big prices. Joining the line up are others such as the Mark and Drake. The Drake will be demolished and in its place a mixed-use building will be put up. The rooms done in condo style at the Mark will bring in $850,000 a pop and with 176 of them that’s a lot revenue.