Jun
28
Lehman Brothers Said to Sell One of Its Last Property Holdings
By-
NYLO New York City hotel said to sell for about $140 million
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Buyer said to be Faneuil Hall operator Ashkenazy Acquisition
Lehman Brothers Holdings Inc. sold the NYLO New York City hotel, bringing the unwinding of the bank’s real estate investments close to completion almost eight years after its bankruptcy.
The buyer of the hotel, at Broadway and 77th Street, was Ashkenazy Acquisition Corp., according to a person with knowledge of the sale, who asked not to be named because the transaction hasn’t been made public. Ashkenazy, which also operates Boston’s Faneuil Hall Marketplace and the retail at Washington’s Union Station, paid about $140 million for the 291-room property, according to the person…
Lehman Brothers Said to Sell One of Its Last Property Holdings
