Bloomberg Alexico Group has received an offer of about $1 billion, or $6.6 million/room, for the 150-room Mark Hotel on Manhattan’s Upper East Side. The company had purchased the 15-story property, at 25 East 77th St., in 2006 for $150 million. It’s not known whether it will entertain the offer or not. The hotel had […]

The post Alexico Gets $1Bln Offer for Manhattan’s Mark Hotel appeared first on Commercial Real Estate Direct.