NYC dominates largest hotel buys this year

New York City hotels made up five of the top 10 largest hotel transactions worldwide by price so far in 2011, according to Jones Lang LaSalle. The top spot went to the March purchase of the 334-room Ritz-Carlton Moscow, for an undisclosed sum.

Here’s a list of the transactions:

  1. Ritz-Carlton Moscow, Moscow, undisclosed amount
  2. Hyatt Manchester Grand, San Diego, US$570 million
  3. Hilton San Diego Bayfront, San Diego US$475 million
  4. New York Palace, New York City, undisclosed amount
  5. Marriott Champs Elysees, Paris, undisclosed amount
  6. Radisson Lexington, New York City, US$335 million
  7. New York Helmsley, New York City, US$315.5 million
  8. Yotel New York, New York City, US$315 million
  9. Raffles Hotel, Singapore, US$275 million
  10. Paramount Hotel, New York City, undisclosed amount