Henry Kallan Of Library Hotel Collection Acquires Washington Square Hotel In Greenwich Village For $23M

The asset involved in this transaction is a hotel located at 103 Waverly Place, situated in the Greenwich Village market of Manhattan. The property has a total square footage of approximately 55,000. It was sold for a total price of $23,000,000, resulting in a price per square foot of $418.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $23,000,000
• Address: 103 Waverly Place
• Market: Greenwich Village, Manhattan
• Building Square Footage: 55,000
• Price Per Square Foot: $418
• Buyer: Henry Kallan - Library Hotel Collection
• Seller: Judith Paul

Henry Kallan, representing Library Hotel Collection, acquired the Washington Square Hotel and its restaurant condo from Judith Paul’s Washington Square Hotel LLC. The deal reflects the ongoing interest in hospitality assets in urban markets.