Hotel owner DiamondRock Hospitality (NYSE: DRH) has bought the 169-room Hilton Garden Inn Chelsea hotel in New York City for $68.4m, its third hotel purchase in the city. The purchase price represents ...

New York City’s hotel market is showing signs of life following the trade of a Hilton Garden Inn in Chelsea. Investor Raymond Chau acquired the 169-key property at 121 West 28th Street for $49.9 ...