REALIZED SALE
420 Park Avenue South
NEW YORK, NY
RMBRE assembled 5 Contiguous Lots from 3 different owners for the development of a new hotel. Centurion Realty bought the development site. Centurion Partnered with The Gansevoort Hotel brand (The Achenbaum family) and Levine Builders to develop the Gansevoort Park Avenue Hotel. The Hotel was eventually rebranded as the Royalton Park Avenue and Sold to Bentall Green Oak for $200 Million.
Property TYPE
ROYALTON PARK AVENUE HOTEL
Square Footage
420 Park Avenue South was developed into a 19 story 214,000 SF Luxury Hotel with 249 rooms.
STORY
RMBRE assembled 416-418-420 Park Avenue South at the southwest corner of 29th Street and Park Avenue South & sold it to Centurion Realty. The Gansevoort Park Avenue Hotel opened in 2010 and was sold in 2019 to BGO and rebranded as the Royalton Park Avenue Hotel.
Building Height
19 story Luxury Hotel Built in 2010 with 249 rooms
REALIZED SALE
420 Park Avenue South
NEW YORK, NY
RMBRE assembled 5 Contiguous Lots from 3 different owners for the development of a new hotel. Centurion Realty bought the development site. Centurion Partnered with The Gansevoort Hotel brand (The Achenbaum family) and Levine Builders to develop the Gansevoort Park Avenue Hotel. The Hotel was eventually rebranded as the Royalton Park Avenue and Sold to Bentall Green Oak for $200 Million.
Property TYPE
ROYALTON PARK AVENUE HOTEL
Square Footage
420 Park Avenue South was developed into a 19 story 214,000 SF Luxury Hotel with 249 rooms.
STORY
RMBRE assembled 416-418-420 Park Avenue South at the southwest corner of 29th Street and Park Avenue South & sold it to Centurion Realty. The Gansevoort Park Avenue Hotel opened in 2010 and was sold in 2019 to BGO and rebranded as the Royalton Park Avenue Hotel.
Building Height
19 story Luxury Hotel Built in 2010 with 249 rooms