Sandwiched between Central Park and Times Square ... 160 million renovation in 2012, the hotel's fashionable accommodations now feature updated signature Sheraton Sweet Sleeper Beds, Starbucks ...

MCR and Island Capital Group have jointly acquired the Sheraton New York Times Square Hotel, a 1,780-room hotel in the heart of midtown Manhattan, for $373 million from Host Hotels & Resorts.

"The [Sheraton Times Square's] performance has rebounded since we acquired the hotel, which we believe is a testament to the strength of New York City's lodging market," Tyler Morse, MCR CEO ...