Two Kings Real Estate Acquires Chelsea Hotel For $80.3M

The hotel located at 125 West 26th Street in Chelsea has been sold in a transaction valued at $80,300,000. The property spans an area of 64,764 square feet, resulting in a price per square foot of $1,240. The sale took place on 06/28/2022.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $80,300,000
• Address: 125 West 26th Street
• Market: Chelsea
• Square Footage: 64,764
• Price per Square Foot: $1,240

The buyer of the property is Two Kings Real Estate, while the sellers are Watermark Lodging Trust and Watermark Capital Partners. The transaction was completed with the involvement of their respective representatives.