2 Jul, 2016 @ 18:13
1 min read

Spanish fashion mogul Ortega of Zara fame buys iconic New York hotel

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ortega3SPANISH fashion mogul Amancio Ortega has been on a real estate shopping spree across the Atlantic.

Ortega, the founder of Inditex, the firm behind brands like Zara and Massimo Dutti, has most recently snapped up the Murray Hill hotel in New York for €61 million.

Boasting 205 rooms in 83,000 sq ft on Park Avenue, the neoclassical-style dwelling was built in 1928 and will now be operated by Spanish hotel company Grupo Iberostar.

Ortega bought a further two properties stateside last year through his property investment firm Ponte Gadea.

He splashed €130 million on an office building in New York’s Soho district in December, after buying up an entire block on Miami Beach for a cool €333 million.

Laurence Dollimore

Laurence Dollimore is a Spanish-speaking, NCTJ-trained journalist with almost a decade’s worth of experience.
The London native has a BA in International Relations from the University of Leeds and and an MA in the same subject from Queen Mary University London.
He earned his gold star diploma in multimedia journalism at the prestigious News Associates in London in 2016, before immediately joining the Olive Press at their offices on the Costa del Sol.
After a five-year stint, Laurence returned to the UK to work as a senior reporter at the Mail Online, where he remained for two years before coming back to the Olive Press as Digital Editor in 2023.
He continues to work for the biggest newspapers in the UK, who hire him to investigate and report on stories in Spain.
These include the Daily Mail, Telegraph, Mail Online, Mail on Sunday and The Sun and Sun Online.
He has broken world exclusives on everything from the Madeleine McCann case to the anti-tourism movement in Tenerife.

GOT A STORY? Contact newsdesk@theolivepress.es or call +34 951 273 575 Twitter: @olivepress

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