Newly reflagged Essex House was a significant loss to departing Jumeirah Group
Skift Take
Strategic was indeed strategic. It sold at the height of the U.S. real estate market, watched as Jumeirah poured in millions in renovations, then bought the recently revamped property for almost $80 million less than it had sold it for seven years earlier.
As Strategic Hotels & Resorts and Marriott International gear up to move back into the Essex House Hotel in New York—a property both companies have once owned or operated—Jumeirah Group is say
