Korman Communities Buys Midtown Portfolio from BlackRock and CalSTRS for $188.9M

322 rooms across three AKA assets; gross transaction value estimated at approximately $220M

Foto: Booking.com

Korman Communities has acquired BlackRock and CalSTRS's stakes in a portfolio of three AKA-branded extended-stay assets in Midtown, Nueva York—AKA Central Park, AKA Times Square, and AKA Sutton Place—totaling 322 habitaciones. The transaction closed on 22 de julio de 2026 for 188,9 M$ on deed; industry sources estimate the gross transaction value at approximately 220 M$.

Transaction details: total price, 188,9 M$ · price per room, 586.646 $ (derived from total price) · price per square foot, not disclosed · 322 habitaciones.

Parties: buyer, Korman Communities · seller, BlackRock / CalSTRS.

Analysis: the move consolidates Korman Communities' control over an extended-stay portfolio in the heart of Manhattan, within an extended-stay segment that continues to attract institutional capital in Nueva York.

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Noticia generada por IA con supervisión y edición del equipo humano de HotelVALORA.