James Hotel in NYC changes hands in $85 million sale

05/6/2013 | GlobeSt.com

The James New York hotel has been sold to an undisclosed party for $85 million. Denihan Hospitality Group will remain as the property's manager. "This sale offers BCRE an opportunity to continue building our presence in today's thriving marketplace," said Issac Hera, CEO of Brack Capital Real Estate-USA, the property's former owner.

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