New York REIT to sell Viceroy Hotel as it winds down; CEO steps down [Seeking Alpha]
NEW YORK REIT (NYRT)
US:NYSE Investor Relations:
nyrt.com
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Source: Seeking Alpha
New York REIT agrees to sell Viceroy Hotel in Manhattan for $41M to an unaffiliated third party, as part of the REIT's liquidation plan. Once the sale is complete, which is expected by the end of Q3, NYRT will have sold off all of its properties except for its 50.1% interest in Worldwide Plaza. In addition, Wendy Silverstein is stepping down as CEO, president, board member, and as officer or manager of all NYRT entities. John Garilli will take on responsibilities of CEO and president, as well as continuing as CFO. NYRT's advisory agreement with Winthrop REIT Advisors remain in full force and effect. Source: Press Release Now read: City Holding Company to acquire Poage Bankshares and Farmers Deposit Bancorp » Subscribe for full text news in your inbox
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