Real Estate
Blackstone to Buy Kimpton Hotel Eventi for $175 Million
- Firm agreed to acquire 292-room property in Manhattan
- Demand recovery, supply pullback boost NYC room prices
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Blackstone Inc. agreed to buy the Kimpton Hotel Eventi in New York City as strong travel demand makes Manhattan hotels attractive to property investors.
The alternative asset manager agreed to pay about $175 million to acquire the 292-room property from DLJ Real Estate Capital Partners, according to a Blackstone representative.