Manga Hotels Makes Second NYC Hotel Acquisition at 158-162 West 25th Street for $50M
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…
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…
BELLINGS Intelligence Score: 10
Why it matters
This is a routine real estate acquisition by a hotel group with limited broader market impact or novelty for credit-market professionals.
Sources
Commercial Observer
Manga Hotels Makes Second NYC Hotel Acquisition at 158-162 West 25th Street for $50M
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…