Highgate Holdings, Rockpoint Group Acquire Milford Plaza

NEW YORK—Highgate Holdings in partnership with Rockpoint Group, LLC, has acquired the Milford Plaza Hotel here from Milford Plaza Associates, LLC.

The 1,300-room hotel was originally built in the 1920s and was repositioned as a hotel in 1978. Occupying an entire block of Eight Ave., the property will be rejuvenated with upgrades to its infrastructure, guestrooms and public spaces. A restaurant and retail component will also be constructed on the ground floor.