2 Jul, 2016 @ 18:13
1 min read

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


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 has a BA and MA in International Relations and a Gold Standard diploma in Multi-Media journalism from News Associates in London. He has almost a decade of experience and previously worked as a senior reporter for the Mail Online in London.

GOT A STORY? Contact [email protected] or call +34 951 273 575 Twitter: @olivepress

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

lion  e
Previous Story

Spain is second highest importer of lion hunting trophies, new report finds

Over s e
Next Story

Study suggests that we become more conservative with age

Latest from Lead

Go toTop

More From The Olive Press