Host Hotels & Resorts to Acquire the New York Helmsley Hotel for $313.5M

Host Hotels & Resorts, Inc. HST today announced that it has entered into an agreement to purchase the fee simple interest in the 775-room New York Helmsley Hotel at a purchase price of $313.5 million. The hotel is located in the heart of midtown Manhattan, and benefits from its oversized guestrooms and close proximity to Grand Central Station, the United Nations Headquarters, the Midtown Tunnel and the Chrysler Building.