Navika Group, Blue Sky Acquire Wall Street Hotel
Navika Group of Companies and Blue Sky Hospitality Solutions (BSHS) Management Company have acquired Andaz Wall Street, which has rebranded to Hyatt Centric Wall Street New York. The seller was the Hakimian Organization, and the 253-key property at 75 Wall St. traded for a reported $84.7 million.
The hotel plans to resume operations on Jan. 26. The property’s guestrooms were modernized in 2019, and the lobby was recently enhanced to reflect the contemporary design of the Hyatt Centric brand. Navika plans to invest approximately $5 million to further reimagine the property over the next several years.
“The competitive advantages provided by Hyatt Centric Wall Street New York, our first hotel in New York City, make it an ideal addition to our current portfolio of 53 owned and operated hotels throughout the U.S.,” said Ernie Catanzaro, EVP with oversight of the management team, BSHS.
- ◦Sale/Acquisition