Rockefeller center deals

Voell said in a telephone interview, "is to put up a signature building behind the Exxon Building on Seventh Avenue between 49th and 50th and revitalize the character of that street.

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In addition to Mitsubishi and the three investors who bought 6. Abby Rockefeller Mauze, David Rockefeller's sister, own about 8. The trusts currently own the remaining 34 percent. Consequently, the trusts still have 14 percent that it could sell to Mitsubishi or others. Asked if there would be any change in management style under Mitsubishi, Mr. Voell replied, "It's going to be the same as it has been. David's staying as chairman and I'm staying as chief executive and president.

As for objections that anyone might have raised about the change in control, Mr. Voell, seemingly surprised by the question, replied that "nobody that I know of" had voiced any opposition. Mitsubishi Estate, a member of Japan's Mitsubishi trading group, is by its own reckoning either the biggest or the second-biggest real estate company in Japan, with 92 prime office buildings in Tokyo alone. Many are concentrated in the prestigious Marunouchi business district of Tokyo.

Property in Los Angeles. The Exxon Building, mostly occupied by other important companies, including Price Waterhouse and Morgan Stanley, may be renamed eventually - after Exxon moves its last remaining employees to Dallas. Real Estate Trust Created. In a complex transaction three years ago, the Rockefellers also created Rockefeller Center Properties Inc. The loan is convertible in the year into If the mortgage owners converted the loan they would then own The center itself consists of 19 buildings covering 22 acres.

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Voell said, "enhances the financial strength of the Rockefeller Group. It insures the company's ability to continue to invest in Rockefeller Center to enhance its stature as the most modern and prestigious commercial complex. Calling the deal a partnership, Dr. Bowen, chairman of the trust committee, said it satisfied several objectives of the trusts, providing first "exceptionally strong assurances that Rockefeller Center will continue to represent the standard of quality, the traditions and the values associated with the Rockefeller family.

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In an invitation to look upon Rockefeller Center as the showplace it truly is, he added, "The center is the family's unique contribution to the architecture and character of New York City, and Mitsubishi has the same long-term investment philosophy as the family and the willingness to join the family in committing the resources required to sustain and enhance the value of the center.

Explaining where the money from Mitsubishi would go, Dr. Bowen said that as a fidiciary for the Rockefellers, the trust committee wanted the company to grow but avoid "over-concentration of assets in a single investment". He said that the shares of the privately held company had nearly tripled in value in the last few years and that the sale of a big block to Mitsubishi "offered a most unusual opportunity to enhance the long-term prospects of the Rockefeller Group and Rockefeller Center while simultaneously rebalancing the trust portfolios.

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Could walk to most things we wanted to do, both uptown and downtown as well as midtown. Room , though not large, very well thought-out with all our needs taken care of we we opted for the larger Standard room after reading some of the reviews. Not a fancy place but we loved it! We will definitely stay here again when we are in NYC.

Staff friendly and helpful. Enjoyed having a drink at the Terrace bar a few doors down. Great coffee on site! It was a last minute trip, they were located directly across the street from where I needed to be, and they happened to have one room left. The room was clean and well appointed, the bed was super comfy, the chilled, purified water stations were awesome, the location was perfect, the staff was great I enjoyed every minute of my stay and will most definitely be back! The Jewel immediately moved to the top of my list for preferred hotels. So glad I found this gem! It's central to mostly everything for a tourist.

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  • Had to work for a few days while my husband was left with our baby so it was hard for him to commute. The only downside is that restaurants that would be open for late dinner are a few blocks away. Service was great. They have a lounge on the second floor with available coffee and a few fruits. They also leave snacks for breakfast at the lobby. We had to request for a small heater which was limited.

    This is probably one of the best deals in NYC. A stone through away from time square, opposite from the Rockefeller Center, and super reasonably priced!

    Rooms are spacious and clean. We want to go back there. Brilliant, friendly staff, great room and great location. Would definitely stay here again. What I love about this hotel is the location, it was located near the Rockefeller centre, and not so far from the Times Square. The hotel was understaff, but it's understandable. Basic facility, but if you're looking for place to sleep in the heart of New York, this hotel is for you, Overall I have a pleasant stay. I loved everything about my stay at the Jewel. The location was perfect and made it easy to explore Manhattan by foot or subway.

    While my room didn't have a view as described I easily overlooked this as everything was fantastic. The terrace club was a great inclusion as well as the hotel facilities. Will definitely stay here again. Amazing location. Great views of the tree at Rockerfella. Great service whilst there. Room a great size for the centre of New York. Would def recommend. I had.

    Booked a superior room with kitchen and would recommend. This hotel is in the perfect location for a visit to Manhattan. It is very central and a walk away from most of the attractions. The beds were comfortable, the room was clean although small. There was a lounge on the 2nd floor which had tea and coffee available but the entrance to the hotel was very small so nowhere really to sit and watch the world go by.

    You do get access to the sister hotel a couple of doors down which does have a terrace covered when we went as it was November and a bar which did have a view of Rockefeller Plaza. For the room size, cleanliness, we felt we could have gotten more value.

    This hotel has a very small lobby and it was more like an above average backpackers feel rather than a luxury type of hotel. Location wise, it is located 7 streets from timesquare and another 10 odd streets from central park so it's not in the heart of the action but rather in a quieter part of town. The aircon broke down twice in 2 days and we were not offered a change of room but instead, they sent an engineer to repair it. It was slightly inconvenient overall. There will be better, more value hotels compared to this.

    The Jewel is very centrally located and ideal for visiting all the main attractions in New York. Staff are friendly and obliging. No meal options but there are cafe's in the general area. Would recommend Alice's Cafe on 47th Street just off 5th Avenue. Great location and friendly, helpful staff. Rooms were functional rather than spacious and there were plenty of restaurants and cafes nearby. Within walking distance of Times Square and Theatre District so overall great value for money. We stayed 3 nights at this hotel and were impressed right from the start.

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    Firstly, the check-in was simple and quick, and our room was ample for our needs. The girl at the check-in booth was always extremely helpful, and provided assistance with our luggage. And the price, for the location, at a very reasonable rate. Value for money. Location is perfect. Staff are courteous. First of all, Location is very good! Room Facility is also great based on price. Lobby is too small and lack of equipments.

    But this is small thing compared with good things. Pretty little hotel with rooms that have an efficient and comfortable layout. The location is perfect for easy access to an exciting part of Manhatten. United States Hotels. New York NY Hotels. See all 4, properties in New York NY. Free Wi-Fi.

    See all 37 photos. Ndiame - August 3, Free Wi-Fi in all rooms! Air conditioning. Exceptional location - Inside city center. Popular neighborhood. See more. Don't miss out! Good to know. Value for money 8. Room photos and details. Enter dates to see prices. Shower Enter dates to see prices. Non-smoking Enter dates to see prices. Ask the property. Maria T. November 14, Alison November 14, Karen January 6, Recommendations based on your views:.

    Radio City Apartments. Hotel Edison. Prices drop the moment you sign in! Sign in now. Rachel July 16, An overview. Show less. Nicola October 4, Read more reviews. Popular facilities Fitness center. Front desk [hour]. Languages spoken English Spanish. Internet access Free Wi-Fi in all rooms!

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    Wi-Fi in public areas. Recreation and relaxation Fitness center. Food and drinks Bar Restaurants. Getting around Car park [charges apply] Car park [nearby]. Shopping Fifth Avenue. Convenience store 7 Eleven. Cash withdrawal ATM. Distances shown are straight-line distances on the map. Actual travel distances may vary. American cuisine. Italian cuisine. Popular landmarks. Top of the Rock Observation Deck - m. Times Square - m. Broadway - m. Grand Central Terminal - m. Empire State Building - 1. Metropolitan Museum of Art - 2. Central Park - 2.

    Statue of Liberty - 9.