Strategic Hotels & Resorts has purchased New York’s Essex House from Dubai Investment Group for $362.3 million. The company also signed a management agreement with Marriott International to rebrand the hotel as the JW Marriott Essex House New York. Strategic plans to invest $18.3 million in renovations ranging from common areas to systems upgrades. The property underwent a comprehensive $90 million overhaul in 2007.
Essex House to Rebrand as JW Marriott
Strategic Hotels & Resorts purchased the New York hotel for $362.3 million and plans to invest more in upgrades.
Essex House to Rebrand as JW Marriott
Strategic Hotels & Resorts purchased the New York hotel for $362.3 million and plans to invest more in upgrades.
