Pomerancs put Columbus Circle boutique hotel on the market

George Sell By George Sell
02 December 2015 | Updated 02 December 2015

US: 6 Columbus Circle, and 88-key boutique hotel in Manhattan, is up for sale and likely to achieve $88.9 million.

US: 6 Columbus Circle, and 88-key boutique hotel in Manhattan, is up for sale and likely to achieve $88.9 million.

In 2000, the Pomerancs family real estate company, Pomeranc Group, bought the West Park Hotel at 6 Columbus Circle, in a joint venture with Rosen Partners. The sale price was $11.5 million, or $126,374 per room. The hotel was opened in 2007 under Thompson Hotels, a brand started by Jack Pomeranc.

6 Columbus Circle is run by SIXTY Hotels, part of SIXTY Collective, a company established by brothers Jason Pomeranc, Michael Pomeranc, Lawrence Pomeranc and collaborator Stephen Brandman.

The 12-storey building allows for a development of up to 63,510 buildable square feet, and is likely to sell for up to $1,400 per buildable square foot.

"This is the most spectacular site that we have brought to the market recently in Manhattan because of the views of Central Park," said Robert Knakal, the chairman of New York investment sales at Cushman & Wakefield, who is marketing the property.

www.sixtyhotels.com/hotel/6-columbus

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