Garden City Hotel sale raises speculation
Photo credit: Jason Andrew | Options for the Garden City Hotel, which is being sold, could include operation by a chain or turning some space into co-ops. (Dec. 9, 2010)
While there was little surprise in the real estate industry at the news this week that the luxury Garden City Hotel is being sold, there was lots of speculation about its future.
Perhaps the would-be new owner, the Fortuna Realty Group of Manhattan, headed by Morris Moinian, might “plant a flag” outside the Garden City Hotel, a flag bearing the name Hilton, or Hyatt or Marriott. Those industry...
