New York: Die Deca real estate has the East Side Hotel at 525 Lexington Avenue from the portfolio of the open-end real estate fund Deka-ImmobilienGlobal sold. Buyer is a joint venture set up by the investment firms Hawkins Way Capital and Value Partners Founded.
The East Side Hotel, built in 1924, has a total area of almost 37,750 sqm over 35 floors and includes 655 rooms and a conference floor. The listed building is located on a 2,000 square meter corner lot. The hotel has been closed since the outbreak of the Covid-19 pandemic in March 2020 and has not reopened.
