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NEW YORK CITY — Vorando Realty Trust has agreed to redevelop the retail and signage components of the Marriott Marquis Times Square hotel at 1535 Broadway in Manhattan. The real estate investment trust plans to invest $140 million in improvements, including converting the underground parking garage into stores and adding six stories of LED signs. Vornado entered into a lease with the landlord, Host Hotels and Resorts Inc., to reposition the property. The lease also contains an option for Vornado to purchase the space from Host Hotels, at a price based on future cash flow.