Ground lease for The Milford Plaza Hotel in NYC is sold for $325M

03/15/2013 | Hotel Management online

Rockpoint Group, owner of the 1,300-room Milford Plaza Hotel in New York, and hotelier Highgate Hotels have sold the property's leased fee interest to a joint venture that includes the Deutsche Bank Asset & Wealth Management's real-estate arm. Reports indicate that the ground lease sold for about $325 million.

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