Because of a 1998 agreement, Marriott can buy the property under its Times Square hotel for $19.9 million, one-tenth of its current value, according to a report by the city comptroller.

Sections:  news   business   
RELATED ARTICLES
  • Hotels Carve Out Work Spaces, Rented Hourly
    For some hotels, lobbies, business centers and meeting areas have become an untapped source of additional revenue and new customers who live and work nearby. More
  • 5 hotel fees you'll see more of in 2013
    Get ready for some annoying new hotel fees, such as minibar restocking and baggage holding fees, in 2013 as projected modest occupancy increases embolden hotels to tack on new fees and surcharges even for their most loyal guests. More
  • The $50000 Inauguration Hotel Suite
    Still looking for a place to stay for the inauguration? If you’re the type to drop $50,000 on the hotel suite where Jennifer Lopez threw Marc Anthony’s 41st birthday party, the Godfather 2 was filmed, and Marilyn Monroe slept off a long night of policy debates, then we’ve got the place for you—the “Extreme-Wow Suite” at Washington’s W Hotel. More
  • Still One Of Napa Valley's Best Hotels: The Enduring Charms Of Meadowood
    Meadowood lives up to its billing as one of the Napa Valley’s best country resorts. Even though some of its competitors are hipper, younger, greener, and newer, one person’s throwback is another person’s classic. More
BING NEWS:
  • The “Good Deal” Trump Allegedly Offered Oil Execs Might Be Worth $110 Billion
    A “deal” allegedly offered by Donald Trump to Big Oil executives as he sought $1 billion in campaign donations could save the industry $110 billion in tax breaks if he returns to the White House, an ...
    05/16/2024 - 10:59 pm | View Link
  • IQVIA Workers Nab $3.5 Million Settlement in 401(k) Fee Lawsuit
    Health-care researcher IQVIA Inc. signed a $3.5 million class settlement with workers who said their 401(k) plan offered offered pricey and poorly performing Fidelity target date funds.
    05/16/2024 - 4:43 am | View Link
  • Oklahoma Senate leader on income tax-cut proposal: 'It's a shell game that will cost $809.5 million a year'
    Greg Treat said figures he's seen show, despite unprecedented cash reserves, that a 0.25 percentage point rate reduction would end up costing more than the state's projected continuing revenue.
    05/11/2024 - 4:50 pm | View Link
  • Deal, and no deal: Why one of the legislature’s biggest bills likely won’t prevent a ballot battle
    A little context: Property tax bills have been temporarily discounted for several years. As property values rose sharply in recent years, the state legislature had temporarily lowered the “valuation ...
    05/9/2024 - 4:54 am | View Link
  • How much is the border crisis costing American taxpayers?
    This week, the House Budget Committee hosted a hearing on “The Cost of the Border Crisis” to discuss how much President Joe Biden’s border policy allegedly costs taxpayers. GOP committee members said ...
    05/9/2024 - 12:32 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News