Witkoff Said to Buy NYC Park Lane Hotel for $660 Million

Investors led by the Witkoff Group agreed to buy the Helmsley Park Lane Hotel on Manhattan’s Central Park South for about $660 million, according to a person with knowledge of the transaction.

The purchase, from the estate of Leona Helmsley, is expected to be completed by the end of November, said the person, who asked not to be named because the deal is private. Witkoff Group, a New York-based developer, is leading a team that includes unidentified foreign partners, the person said.