Quantcast

The DNAinfo archives brought to you by WNYC.
Read the press release here.

Helmsley Hotel Up for Sale

By DNAinfo Staff on September 22, 2010 5:46pm

One of the two remaining New York hotels built by Harry and Leona Helmsley, seen here in 1989, is up for sale.
One of the two remaining New York hotels built by Harry and Leona Helmsley, seen here in 1989, is up for sale.
View Full Caption
AP Photo/Ed Bailey

By Jennifer Glickel

DNAinfo Reporter/Producer

MIDTOWN EAST — 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.