NEW YORK—The Procaccianti Group has acquired two hotels here: the 300-room Tudor Hotel at The United Nations and the 227-room Holiday Inn SoHo. The Procaccianti Group also appointed former Helmsley Enterprises operations director, Louis LLach, as area manager. The Tudor Hotel is listed on the National Register of Historic Places as part of the Tudor City historic area and is in close proximity to several of Manhattan’s major demand generators including the United Nations, Grand Central Station, the Midtown business district, Midtown East and Upper East Side residential neighborhoods. The Procaccianti Group plans to invest $8 million to $10 million in the Tudor to upgrade the guest rooms and other public space. The Holiday Inn SoHo is located in downtown Manhattan. Cushman and Wakefield Sonnenblick Goldman was hired by the seller of each property to serve as the exclusive advisor for each transaction.
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