HNA Group Co., Haikou, China has purchased the 165-room Cassa Hotel and Residences, located in New York City, and signed an agreement for Viceroy Hotel Group to manage the property.
The hotel, completed in 2010, is located on 45th Street between 5th and 6th Avenue. The amount of the transaction has not been released. The previous owner, Waterscape Resort, New York City, filed for bankruptcy in April 2011.
“We are pleased to add this great property to our expanding portfolio of luxury hotels,” said Nicholas Clayton, Viceroy Hotel Group president. “Presence in a major city like New York City is very important.”
