Brief
Canadian Group Buys Manhattan Hotel for $50M
Canada’s Manga Hotel Group has purchased the Chelsean New York Hotel in Manhattan for $50 million, or more than $316,000 per key for the 158-key property. The seller was Lam Generation, a hospitality
Summary
Canada’s Manga Hotel Group has purchased the Chelsean New York Hotel in Manhattan for $50 million, or more than $316,000 per key for the 158-key property.
The seller was Lam Generation, a hospitality real estate developer led by Jeffrey Lam, according to property records cited by Commercial Observer.
Located at 158-162 West 25th Street, the...
Source
- Connect CREconnectcre.com
