Novotel Times Square to get €89 million revamp
Published: 10/02/2012 - Filed under: News »
The Novotel New York Times Square is to undergo a €89 million revamp over the next two years, following the sale of the property by Accor to a joint venture partnership between Chatres Lodging Group and Apollo Global Management.
The £160 million sale and management-back agreement will see Accor continue to manage the property, and the hotel will remain open during the renovation programme, which will take place during 2012 and 2013.
The 480-room hotel opened in 1984, and is located on the corner of 52nd Street and Broadway.
For more information visit novotel.com.
Report by Mark Caswell
Read more about...
Bookmark with:
ADD A COMMENT »
The big picture: BA’s Jubilee jumbo 28/05/2012
British Airways has painted one of its B747 aircraft with an emblem and message as part of its celebrations to mark the Queen’s Diamond Jubilee — full story »
Hong Kong Airport takes step closer to third runway 28/05/2012
The Airport Authority of Hong Kong has submitted its project profile for a third runway, the start of a two-year Environmental Impact Assessment — full story »
Travelodge adds two Edinburgh properties 28/05/2012
The budget hotel group has opened hotels on Edinburgh’s Queen Street and Princes Street, the latter being a partnership with high street retailer Topshop — full story »
