New York’s Essex House to be Rebranded a JW Marriott

Back in March, we reported that the Dubai owners of the Jumeirah Essex House had put the luxury hotel on the auction block. Big news out of Manhattan: Strategic Hotels & Resorts has snapped up the Central Park South property for $362.3 million- which translates to $685,000 per unit for the 509 hotel rooms and nine condominiums, according to Bloomberg.

After the deal closes on September 7, the hotel will get a $18.3 million makeover before joining the Marriott family as the JW Marriott Essex House New York. The USA Today quotes Marriott International CEO Arne Sorenson: "It feels like we've spent the last 10 years trying to get this (hotel) back.” The prestigious property was run by Marriott from 1969 to 1985.