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Dylan Hotel in Manhattan Sells for $78M

Locally Based Investor Acquires 16-Story Hotel Near Grand Central Station
By Felicia Rutledge
October 31, 2007 | 7:39 P.M.

Grand Palace Hotel at the Park LLC sold the 107-room Dylan Hotel at 52 E. 41st St. in Manhattan to NYC Value Added I LLC for $78 million, or approximately $730,000 per room.

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