Sonesta International Hotels Corporation has returned to the New York market, acquiring a majority stake in four boutique and lifestyle hotels in Manhattan for an undisclosed sum. Totaling 918 keys and located in Midtown and on the Upper East Side, the hotels were previously owned by Denihan Hospitality Group, which will continue to own a minority interest. 

Formerly known as The Benjamin, The Shelburne Hotel & Suites, the Gardens Suites Hotel and the Fifty Hotel & Suites, the properties are being rebranded as The Benjamin Royal Sonesta New York, The Shelburne Sonesta New York, The Gardens Sonesta ES Suites New York and The Fifty Sonesta Select New York.  

“For Sonesta, this investment marks a significant milestone in our growth as we re-enter the New York City market, which is one of the largest and most dynamic markets in the world,” said John Murray, Sonesta’s president and CEO.

The post Sonesta Re-Enters NYC Hotel Market, Acquiring Four Denihan Properties  appeared first on Connect CRE.

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