Commercial Real Estate Direct Staff Report An Orlando, Fla., investor has purchased the 134-room Roger Smith Hotel in Manhattan for $41.4 million, or $313,636/unit. The investor, Timeshare Acquisitions at Lexington LLC, purchased the property, at 501-507 Lexington Ave., from Roger Smith New York LLC, an investor group led by Phoebe Knowles, who also is founding […]

The post Manhattan’s Roger Smith Hotel Sold to Timeshare Company for $41.4Mln appeared first on Commercial Real Estate Direct.