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Roth Sells Stake In Marquis Theatre

by forbes.com posted 3weeks ago 17 views
The Marquis Theatre will soon have some new names on its ownership marquee. : Pedestrians walk outside the Marriott Marquis Hotel on Thursday, July 16, 2009 (Photo by JB Reed/Bloomberg News) Steven Roth, the founder of Vornado Realty Trust, confirmed that his company sold almost half of its stake in the Broadway theater to a group of investors as part of a larger deal last week. The transaction, which involved a portfolio of retail and office properties located on Broadway and Fifth Avenue, will generate $1.198 billion for the firm.

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