13 March 2012
DUBAI: Dubai Investment Group, a financial services company owned by the emirate's ruler, may sell the Jumeirah Essex House hotel on New York's Central Park.
"Current global investor demand for world-class hotel assets such as Essex House provides a timely opportunity," Fadel Al Ali, acting chief executive officer of Dubai Group, said in an e-mailed statement yesterday.
"We constantly review our portfolio of assets and will pursue asset sales in the right market conditions." Essex House, located on Central Park South between Sixth and Seventh avenues, was completed in 1931 and taken over by Dubai Group's Jumeirah unit in 2006, according to the hotel's website.
DUBAI: Dubai Investment Group, a financial services company owned by the emirate's ruler, may sell the Jumeirah Essex House hotel on New York's Central Park.
"Current global investor demand for world-class hotel assets such as Essex House provides a timely opportunity," Fadel Al Ali, acting chief executive officer of Dubai Group, said in an e-mailed statement yesterday.
"We constantly review our portfolio of assets and will pursue asset sales in the right market conditions." Essex House, located on Central Park South between Sixth and Seventh avenues, was completed in 1931 and taken over by Dubai Group's Jumeirah unit in 2006, according to the hotel's website.
© Times of Oman 2012
