Strategic Hotels to buy Essex House New York | reuters.com
Luxury hotel owner Strategic Hotels & Resorts Inc has agreed to buy Manhattan hotel Jumeirah Essex House for about $375 million, two sources familiar with the matter said on Tuesday. The deal for the 509-room Art Deco hotel at 160 Central Park South was sold by Dubai Investment Group and is expected to close within a month, according to one of the sources, who asked not to be identified because he was not authorized to speak about the matter on the record.
