Ritz-Carlton Central Park Is Said to Be in Talks for a Sale - Bloomberg

Ritz-Carlton Central Park Is Said to Be in Talks for a Sale - Bloomberg:

The owners of the Ritz-Carlton New York, Central Park are exploring a sale after receiving interest from at least two buyers, according to people familiar with the matter. 


Owners Westbrook Partners LLC and Korea Investment Corp are in discussions with Qatar’s Katara Hospitality and Trinity White City Ventures about a potential sale of the 259-key hotel, said the people, who declined to be named because the talks are private. The would-be buyers have sought opinions from appraisers and other service providers, the people said.

A spokeswoman for Katara Hospitality said that the company is not in talks to buy the hotel. A representative for Trinity White City Ventures declined to comment. A Westbrook representative didn’t immediately have a comment, while KIC didn’t immediately respond.