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)