NEW YORK HOTEL BUSINESS. has learned that the 500-room Rihga Royal Hotel New York will be rebranded as a JW Marriott property.
As previously reported by HOTEL BUSINESS., the 500-room hotel was recently sold by owner Royal Hotel Ltd. to Thayer Lodging Group for $193 million. Lazard Freres & Co. LLC brokered the sale, and the all-suite hotel will be operated by Marriott International following the completion of the purchase. (2/22/01) Kelly Wayne