Marcus & Millichap
260 Madison Avenue, 5th Floor
New York, NY 10016
Sold
Wingate by Wyndham
235 West 35th Street, New York, NY
Hospitality
$44M
Sale Price
92 Keys
Building Size
$478,261
Price / Key
Q3 2018
Closing Date
The Story
We sold this property, located at 235 West 35th Street, to a Japanese investor who paid an above market price for this unionized hotel. The investor was able to re-flag the hotel and brand it with their own brand. The price of $470,000 per key was a record for this type of hotel at the time.Property Highlights
- Sits in the Garment/Fashion District, in the heart of Midtown just two blocks from Madison Square Garden and Penn Station
- Fitness center, on-site restaurant/bar-lounge, 24-hour front desk, meeting/banquet space, wheelchair accessibility, free Wi-Fi.
Deal Team
Eric Anton