Artimus Construction trades NoMad hotel for $203M

As New York City’s hotel scene searches for its World Cup bump, one owner is getting out of the game.  Meliá Hotels International last week closed on the acquisition of the 21-story, 313-key property at 132-142 West 27th Street for $203 million, the Commercial Observer reported. The sale by Artimus Construction, which was first reported in TRD Data, breaks down to $649,000 per key. The four-star hotel already operated under the Meliá umbrella, operating as the Innside by Meliá New York NoMad. But the company didn’t actually appear to own the property until last week. Neither company responded to requests […]

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