Electra America joint venture nabs Roger hotel for $71M discount
Electra America Hospitality Group nabbed The Roger New York hotel for a hefty discount. The joint venture between Electra America and luxury extended-stay firm AKA Hotel Residences snapped up the 193-room hotel at 131 Madison Ave. for $19 million. Thats $71 million less than what the hotels last buyer, LaSalle Hotel Properties, paid in 2010, Commercial Observer reported. The seller in the transaction was Pebblebrook Hotel Trust, which acquired ownership of LaSalle in 2018 through The post Electra America joint venture nabs Roger hotel for $71M discount appeared first on The Real Deal New York .
Electra America joint venture nabs Roger hotel for $71M discount
Electra America Hospitality Group nabbed The Roger New York hotel for a hefty discount. The joint venture between Electra America and luxury extended-stay firm AKA Hotel Residences snapped up the 193-room hotel at 131 Madison Ave. for $19 million. Thats $71 million less than what the hotels last buyer, LaSalle Hotel Properties, paid in 2010, Commercial Observer reported. The seller in the transaction was Pebblebrook Hotel Trust, which acquired ownership of LaSalle in 2018 through The post Electra America joint venture nabs Roger hotel for $71M discount appeared first on The Real Deal New York .