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Vornado Increases Ownership Stake at Crowne Plaza Times Square Hotel

Trust Contributes $39M of $95M Deal, Valuing Manhattan Asset at $480M
By Justin Sumner
CoStar News
February 12, 2015 | 7:44 P.M.

Vornado Realty Trust (NYSE: VNO) has increased its ownership position in the Crowne Plaza Times Square Hotel at 1601-1611 Broadway in New York City, spending $39 million to go from 11% to 33% interest stake in the property.

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News | Vornado Increases Ownership Stake at Crowne Plaza Times Square Hotel