Real Estate
NYC’s Five-Star Pierre Hotel Near Central Park Is on the Market
- Sale wouldn’t include the property’s about 80 co-op residences
- Investors have been buying up major hotels in prime US cities
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The Pierre, a five-star hotel overlooking Manhattan’s Central Park, is up for sale, according to people familiar with the matter.
A buyer would acquire the Pierre’s 189 hotel rooms plus its retail space and restaurants, according to the people, who asked not to be named discussing private details. The property — at the corner of 61st Street and Fifth Avenue — also includes about 80 co-op residences, which would not be part of the sale.