New York & Tri-State + Midtown New York + Hospitality | April 27, 2022

Sonesta has acquired the Benjamin Hotel and three other Manhattan properties from Denihan Hospitality Group

Sonesta Re-Enters NYC Hotel Market, Acquiring Four Denihan Properties

Sonesta International Hotels Corporation has returned to the New York market, acquiring a majority stake in four boutique and lifestyle hotels in Manhattan for an undisclosed sum. Totaling 918 keys and located in Midtown and on the Upper East Side, the hotels were previously owned by Denihan Hospitality Group, which will continue to own a minority interest.

Formerly known as The Benjamin, The Shelburne Hotel & Suites, the Gardens Suites Hotel and the Fifty Hotel & Suites, the properties are being rebranded as The Benjamin Royal Sonesta New York, The Shelburne Sonesta New York, The Gardens Sonesta ES Suites New York and The Fifty Sonesta Select New York.

“For Sonesta, this investment marks a significant milestone in our growth as we re-enter the New York City market, which is one of the largest and most dynamic markets in the world,” said John Murray, Sonesta’s president and CEO.

Connect

Inside The Story

Sonesta

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Order Reprints