|Chennai||Rs. 24020.00 (-0.17%)|
|Mumbai||Rs. 25020.00 (0.28%)|
|Delhi||Rs. 24450.00 (0%)|
|Kolkata||Rs. 24600.00 (-0.32%)|
|Kerala||Rs. 24050.00 (0%)|
|Bangalore||Rs. 24160.00 (-0.17%)|
|Hyderabad||Rs. 24030.00 (-0.12%)|
By Ilaina Jonas
NEW YORK (Reuters) - Strategic Hotels & Resorts Inc
The deal for the 509-room Art Deco hotel on Central Park South was sold by Dubai-based Jumeirah and is expected to close within a month, the source said.
Dubai Investment Group, Jumeirah's parent, bought the Essex House in 2005 for $423.9 million, according to real estate research and information company Real Capital Analytics. Jumeirah then spent about $90 million to refurbish it, the hotel said on its website.
(Reporting By Ilaina Jonas; editing by M.D. Golan)