Wyndham Affiliate Puts Up $115M For NYC's Alex Hotel

Law360, New York (February 4, 2013, 5:24 PM EST) -- An affiliate of Wyndham Hotel Group LLC has purchased the Alex Hotel at 205 East 45th St. from a consortium of private equity and asset management firms for $115 million, a person with knowledge of the deal confirmed Monday.

The Wyndham affiliate, whose name was not disclosed, snapped up the 203-room luxury hotel a few blocks east of Grand Central Terminal from a joint venture including Rockpoint Group, Atlas Capital Group LLC and hotel developer and manager Procaccianti Group, a source close to the matter told...
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