| New York’s Famous Gramercy Park Hotel to Reopen After Renovations Under New Operator

MCR Hotels acquired the lease to the famous 200-room hotel for about $50 million and expects to reopen it after a renovation in about two years.

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https://www.wsj.com/real-estate/luxury-homes/new-yorks-famous-gramercy-park-hotel-to-reopen-after-renovations-under-new-operator-3a8ed792MCR Hotels acquired the lease to the 200-room hotel, which was foreclosed on last year, and expects to reopen it in about two yearsThe Gramercy Park Hotel opened in the 1920s, closed during the pandemic and now is slated to reopen in about two years after a renovation.

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