$1.2 Million Per Room - Standard Hotel to Fetch a Postcrisis Record | wsj.com

The Standard Hotel in New York could change hands in the most expensive hotel transaction since the recession as final bidders negotiate to pay more than $400 million for the property, sources said. At about $1.2 million per key, the sale would be the fourth-largest hotel transaction in history, Jones Lang LaSalle says. The hotel transactions market has been seeing a tremendous surge amid recent high-profile sales including that of the St.