NH Hotel Group

NH Hotel Group is testing New York’s hospitality market by listing its 288-room Murray Hill hotel at 22 East 38th Street for $140 million. After a $72 million renovation, the hotel reopened in 2021, aiming to capitalize on the city’s post-pandemic hospitality resurgence. Situated near Amazon’s new headquarters, NH hopes to attract business travelers. New York’s hotel market is rebounding, with rising occupancy rates and room prices. Investors are seizing opportunities in the recovering market, including distressed hotel assets. Eastdil Secured is handling the property’s marketing. NH Hotel Group’s CEO, Ramón Aragonés, leads the endeavor.