By Craig Carmin, Wall Street Journal Marriott International Inc. has agreed to buy Manhattan's famous Clock Tower building, raising the prospect that the company will use the historic property to revive a struggling new hotel brand. ... Marriott Buys MetLife Clock Tower Building
Tuesday, October 25, 2011
Marriott Buys MetLife Clock Tower Building
By Craig Carmin, Wall Street Journal Marriott International Inc. has agreed to buy Manhattan's famous Clock Tower building, raising the prospect that the company will use the historic property to revive a struggling new hotel brand. ... Marriott Buys MetLife Clock Tower Building
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Marriott's acquisition of the MetLife Clock Tower Building marks a significant expansion in its luxury portfolio. This historic landmark, known for its iconic architecture and prime location, will likely be transformed into a high-end hotel, enhancing its prestige. The move strengthens Marriott’s presence in the competitive hospitality market while preserving a piece of history. This acquisition aligns with the trend of repurposing historic buildings for modern luxury experiences.
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