Case Study
The Alex by Wyndham
Partnered with Wyndham Destinations to acquire and redevelop The Alex Hotel in midtown Manhattan.
Details
Location: 205 E. 45th Street, New York, NY 10017
Status: Partnered with Wyndham Destinations to acquire and redevelop a midtown hotel property into a premium urban vacation ownership resort. Project completed on time and on budget. Project sold and profits distributed.
Closing Date: Q1, 2013
Realization Date: Q1, 2015
Project Info
- Located in midtown Manhattan on 45th Street between 2nd and 3rd Avenues
- Conversion of 130 apartment units and 73 hotel units into vacation ownership units
- 33rd floor Sky Lounge (featuring indoor and outdoor seating), conference rooms, and a fitness center
- Close proximity to Grand Central Terminal and the Empire State Building
