Law360, New York (December 5, 2014, 1:00 PM EST) -- In yet another major hotel deal for the area, Ashkenazy Acquisitions is reportedly under contact to purchase the 655-room New York Marriott East Side for about $290 million from Morgan Stanley Real Estate's Prime Property Fund, the New York Post reported, citing unnamed sources. New York has seen a number of major hotel deals this year, including the blockbuster $1.95 billion proposed sale of the Waldorf Astoria, a $390 million deal for the 210-room Park Hyatt New York and a $127.2 million deal for the fee-simple condominium interest in the Hilton Garden Inn in Times Square, among many others.
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