On the QT, Andre Balazs Checks Out of Midtown Hotel
Property Shark
125 W. 45th St.
Hunkier-than-thou hotelier Andre Balazs has closed on the sale of Hotel QT for a handsome $82 million.
The deal appeared in public records today, though Crain's New York apparently broke the news, with nary a splash, last week.
The buyer is Room Mate Hotels, which owns hotels with cutesy names like Lola and Oscar in Spanish cities like Madrid, Valencia, and Salamanca, and has a Waldorf Towers in Miami Beach.
It's unclear whether Hotel QT -- which, at 125 West 45th Street, already has a precious name -- will get a similarly cutesty moniker. Might we suggest something that evokes New York, like, say, Donny? Or Herschel?
825 Fifth Avenue
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