08 Nov DEALMAKER OF THE DAY
Hidrock purchases 960 Avenue of the Americas to develop a Courtyard by Marriott
Marriott International Inc. is developing a 100,000-square-foot former office building in Midtown Manhattan into the Courtyard by Marriott New York Manhattan/Herald Square.
New York-based Hidrock Realty Inc. purchased the former Atlantic Bank of New York building for $40 million in 2010, reports the New York Observer. Marriott will manage
the new hotel under an agreement with Hidrock affiliate 960 Associates.