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Barbizon Hotel sold to Phila. group.


Carlton Advisory Services advisory services

advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal
, as advisor to Ian Schrager Ian Schrager is a hotelier and real-estate developer. Schrager began his career as a nightclub owner. In 1977 he partnered with Steve Rubell, his fraternity brother from Syracuse University, in launching the New York City discothèque Studio 54.  Hotels, has sold The Barbizon Hotel to the billion-dollar real estate investment fund Berwind Property Group of Philadelphia. This transaction marks one of the largest hotel trades in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 thus far this year.

On behalf of Schrager, Carlton implemented a comprehensive, multi-dimensional marketing campaign, thus locating Berwind, who is not readily known in the New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 area. Berwind intends to use The Barbizon to expand its luxury hotel franchise, Melrose Hotels, to the Manhattan market d further ex pand its presence in the hospitality industry.

The Barbizon is a 23-story, 306-key luxury hotel located in Midtown Manhattan at 140 East 63rd Street and is home to Manhattan's elite health club and spa The Equinox equinox (ē`kwĭnŏks), either of two points on the celestial sphere where the ecliptic and the celestial equator intersect. The vernal equinox, also known as "the first point of Aries," is the point at which the sun appears to cross the . In addition, the Hotel has undergone a $32 million renovation in the last three years.

Carlton specializes in the sale and financing of hotels having completed approximately three quarters of a billion dollars of hospitality transactions. For this transaction, the Carlton team consisted of Howard L. Michaels, chairman, -along with Wm. David Tobin, Ruth Barone Steve Scorgie and Michael J. Campbell.
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Publication:Real Estate Weekly
Geographic Code:1USA
Date:Jun 13, 2001
Words:185
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