Helmsley Hotel Up for Sale

HOSPITALITY BUSINESS NEWS— The New York Helmsley hotel near Grand Central Terminal has been put on the market for sale, according to the New York Post.

The 788-room hotel could sell for more than $300 million, the paper reported.
The same team that sold the Carlton Hotel on the Upper East Side as a condo redevelopment for the Helmsley Estate last year will be working on the listing to sell the Midtown East hotel, the Post said.
The team includes CB Richard Ellis investment brokers Darcy Stacom and Bill Shanahan, as well as their colleague Brad Brunnell.
The real estate empire built by Harry and Leona Helmsley been sold off piece by piece since her death. Only two of the Helmsley's hotels remain in the group New York, the Park Lane and the New York Helmsley, and another Helmsley hotel remains in Sarasota, FL.