HFF Closes Sale of Hilton Westchester in Rye Brook, New York
NEW YORK, N.Y. January 23, 2017 - Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of the Hilton Westchester, a 445-room, full-service hotel located in the New York City-area community of Rye Brook, New York.
HFF marketed the property on behalf of the seller. Hilton Hotels will continue to manage the property.
Hilton Westchester features resort-style amenities, including 31,278 square feet of flexible meeting space, outdoor and indoor pools with whirlpool, state-of-the-art fitness center, his and her saunas, indoor tennis complex, jogging track, volleyball court, tech lounge and two food and beverage options; härth restaurant, which focuses on American comfort food with a contemporary approach, and härth lounge, which serves light fare and cocktails. Completed in phases in 1973 and 1979, the hotel has undergone several renovations over the years and has received approximately $18 million in upgrades and improvements since 2011. Situated on 35.6 acres of woodlands at 699 Westchester Avenue, Hilton Westchester is located at the intersection of two major thoroughfares, Interstate 287 and Westchester Avenue, and is two miles from both the Metro North Port Chester and North Rye train stations. The hotel is in the heart of Westchester County, which is home to more than 30 colleges and serves as the headquarters to more than 170 businesses.
The HFF investment sales team representing the seller was led by senior managing director and head of HFF's hotel group, Daniel C. Peek, director KC Patel and associates Matthew Kurtz and Nadine Moezinia.
About HFF
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
CONTACTS:
DANIEL C. PEEK
HFF Senior Managing Director
[email protected]
(212) 245-2425
KC PATEL
HFF Director
[email protected]
(212) 245-2425
KRISTEN MURPHY
HFF Director, Public Relations
[email protected]
(617) 338-0990
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