Assignment Overview
RobertDouglas arranged the $78 million sales of this 113-key luxury boutique hotel located in the heart of Greenwich Village, New York to a Middle Eastern family office. The sale was completed at a price of nearly $700,000 per key and, at $1,700 per square foot, is among the very highest prices ever paid in the United States for a hotel.
RobertDouglas was the exclusive advisor to a subsidiary of Gemini Real Estate Advisors in a sale that was administered by the U.S. Bankruptcy Court for the Southern District of New York. The international marketing effort generated deep interest in the hotel and confirms the continuing strong interest of investors in high-quality Manhattan hotels.
Deal Highlights
| Client: Buyer: Sale Proceeds: Key Count: | 52 West 13th P, LLC Venture comprised of Bridgeton Holdings and an offshore family office $78 million 113 |
