Whitehall Street Real Estate Funds buys Metropolitan Hotel.

Real Estate Weekly | July 23, 2003 | Copyright

An investment partnership whose investors include the Whitehall Street Real Estate Funds, a series of real estate opportunity funds sponsored by Goldman, Sachs & Co., announced on July 16th, that it had purchased New York's Metropolitan Hotel from Loews Hotels.

Other partners are Highgate Holdings and Oxford Capital Partners, Inc./Oxford Lodging Investment and Advisory Group LLC.

The partners in the joint venture also announced that the 722-room midtown Manhattan Metropolitan Hotel will immediately undergo a dramatic modernizing makeover to reflect "stylish, ...

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