Eurostars buys Chemists Club Hotel in Midtown for $95M
A Spanish hotel operator is betting on Manhattan’s hospitality recovery. Barcelona-based Eurostars Hotel Company bought the 107-key Chemists’ Club Hotel for about $95 million from Spanish investment firm Azora, sources with knowledge of the deal said. That breaks down to about $888,000 per key for the recently-renovated property at 52 East 41st Street. Azora and Eurostars did not immediately respond to requests for comment. Eastdil Secured, which advised the seller on the deal, declined to comment. Azora’s acquisition date was unclear. Fortuna Realty Group, led by Morris Moinian, developed the property, then known as the Dylan, before selling it to […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Buying a Home? Here's What You Should Know About Home
Insurance Costs.
Home Price Growth Slowed Down. That May Be Changing.
Selling a Luxury House? Here’s Why Now Is a Good
Time
Can Cost Segregation Studies Help If I Bought the Property
Years Ago?
How to Analyze a Rental Property Step-by-Step (15 Years of
Experience)
Health care mogul Daryl Hagler to buy Camp Mesorah from
bankruptcy
NY Dirt: How Mamdani rode high rents into
office
NYC’s top deals: Delshah drops $37M on apartment portfolio
in Manhattan Valley
Crypto miner’s AI pivot encounters NY data center
freeze
