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Port Authority Sells Hotel

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November 10, 1995, Section B, Page 4Buy Reprints
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The Port Authority of New York and New Jersey announced as expected yesterday that it was selling its New York Vista Hotel in the World Trade Center to the Host Marriott Corporation.

Host Marriott will pay $141.5 million for the 820-room hotel, which reopened a year ago after a $65 million renovation made necessary by the bombing of the Trade Center in February 1993.

The sale, part of the agency's return to its core transportation and commerce functions, was announced at the authority's monthly meeting by the executive director, George Marlin, and the chairwoman, Kathleen A. Donovan. Ms. Donovan also announced that she was stepping down as chairwoman.