Marx Realty Secures Two Leases at 10 Grand Central
Why this matters
Hospitality has separated by chain scale and demand segment, with luxury and resort outperforming and select-service holding pricing power on a leaner cost base. New construction starts remain at multi-decade lows, which has supported in-place RevPAR and made conversions of soft-branded flags an increasingly active part of transaction velocity. For sponsors with operational expertise, the sector continues to offer one of the more compelling income-plus-appreciation profiles available across CRE.
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On the RET wire
- Disclosed hospitality deal value tracked in October 2026: $362M across 3 reported transactions. All Hospitality coverage →
Computed from Real Estate Trail’s own tracked coverage
Marx Realty has secured two new leases at 10 Grand Central. Brenton Point will take 9,000 square feet on the building’s 24th floor and Cornerstone will occupy 5,000 square feet on the second floor of the hospitality-i…
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