Alexico Fields $1 Billion Offer for New York’s Mark Hotel
The developer has received an offer of about $1 billion for the hotel through an adviser, said one of the people, all of whom asked not to be identified discussing private information. No final decisions have been made and Alexico could opt to retain ownership of the property.
The developer has received an offer of about $1 billion for the hotel through an adviser, said one of the people, all of whom asked not to be identified discussing private information. No final decisions have been made and Alexico could opt to retain ownership of the property.
A representative for Alexico Group declined to comment.
The Mark’s offerings include The Mark Restaurant by Jean-Georges and penthouses, including one dubbed The Central Park that sleeps ten and is listed at $45,000 per night, excluding taxes and fees. The five-star hotel, which has about 150 rooms, is a destination for A-listers and has hosted Met Gala invitees for years.
Alexico Group, led by Izak Senbahar, has built a slew of Manhattan properties including luxury residential towers such as 56 Leonard in Tribeca and 165 Charles St. in the West Village.
By Gillian Tan and Patrick Clark