American Hospitality Corp Leases Hotel At 44 West 44th Street In Midtown Manhattan

The asset involved in the transaction is a hotel located at 44 West 44th Street in Midtown Manhattan. The property spans a total of 103,000 square feet. The lease agreement was between the landlord, MCR Hotels, and the tenant, American Hospitality Corp. The deal was facilitated by brokers Dan Shapiro and David Warren from KSR. The asking rent for the property was $44 per square foot. The total aggregate rent for the lease exceeds $85,000,000.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $85,000,000
• Address: 44 West 44th Street
• Market: Midtown Manhattan
• Landlord: MCR Hotels
• Tenant: American Hospitality Corp
• Broker: Dan Shapiro & David Warren - KSR
• Asking Rent: $44/ft
• Square Footage: 103,000

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