One of the city's leading real-estate families is close to a deal to sell its shuttered Milford Plaza Hotel to a partnership led by private-equity firm Rockpoint Group LLC for about $200 million, according to people familiar with the matter.
The 1,300-room hotel, situated among the famous theaters of Broadway, closed in December.
A planned renovation of the hotel has been suspended as the owner—an entity controlled by Philip Milstein and other members of the family of the late Seymour Milstein—assesses its options for the property.
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