NEW YORK—Patriarch Equities, Sioni Group and Highgate have purchased the 618-room Affinia Manhattan NYC hotel through a joint venture. Highgate has also assumed management of the property as part of the transaction.
Effective immediately, this upscale, full-service hotel has been rebranded the Stewart Hotel. The property is located at 371 Seventh Ave., across from Madison Square Garden and Pennsylvania Station, near Times Square and Fifth Ave.
The 28-story, 474,000-sq.-ft. hotel has modern guestrooms and suites by design firm Rockwell Group, as well as over 10,000 sq. ft. of event space.