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Manga Hotels Pays $50M for Second NYC Hotel Acquisition

The Chelsean New York Hotel has traded hands for $50 million. The Lam Generation, led by Jeffrey Lam, offloaded the 158-key hotel at 158-162 West 25th Street to Manga Hotel Group in what is the second

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Summary

The Chelsean New York Hotel has traded hands for $50 million.

The Lam Generation, led by Jeffrey Lam, offloaded the 158-key hotel at 158-162 West 25th Street to Manga Hotel Group in what is the second transaction between the two in a little over a year, according to a deed transfer in property records made […]

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