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.
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