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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 ...

The Hilton Garden Inn also has a lot more competition than when it opened. Since 2014 the number of hotel rooms in New York has jumped by nearly a third, to 136,000, according to city data.

Now expects to end year with a projected cash balance in excess of $200 million * Says completed sale of 821-room Hilton Minneapolis ... Hilton Garden Inn Chelsea / New York City and Hilton ...

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 ...