by Lisa A. Brimaldi | March 14, 2012

According to press reports, the 301-room Jumeirah Essex House in New York City will soon be put up for sale by its owner, Dubai Investment Group. In a statement sent to Bloomberg News, Fadel Al Ali, acting CEO for the organization, said, "Current global investor demand for world-class hotel assets such as Essex House provides a timely opportunity. We constantly review our portfolio of assets and will pursue asset sales in the right market conditions." The 44-story luxury property on Central Park South has 16 meeting rooms.