Marcus & Millichap
260 Madison Avenue, 5th Floor
New York, NY 10016

Sold
Kimpton Muse Hotel
130 W 46th St, Midtown, New York, NY 10036
Hospitality
$44M
Sale Price
92 Keys
Building Size
$478,261
Price / Key
Q3 2022
Closing Date
The Story
Mr. Anton sold this project, a 92-key hotel, to Massachusetts Mutual Insurance Company. The project was half finished when the developer ran into financial trouble. The transaction was difficult to complete given the issues related to understanding the costs to complete construction of the hotel and the risks associated with taking on an already started project. Over a period of 7 months, Mr. Anton used his background in construction management to assist Mass Mutual assess the risks and successfully close the sale.Property Highlights
- Renovated boutique hotel steps from Times Square and in proximity to Bryant Park and Rockefeller Center
Deal Team
Eric Anton