Premier Equities Acquires Hotel In TriBeCa For $18M

Located at 130 Duane Street in TriBeCa, this hotel asset was recently sold in a transaction. The property spans across 17,452 square feet, with a price per square foot of $1,031. The sale price for the hotel was $18,000,000, resulting in a price per key of $418,604.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $18,000,000
• Address: 130 Duane Street
• Market: TriBeCa

The buyer, Premier Equities, acquired the hotel from the seller, Hersha Hospitality. The deal was facilitated by the brokers Dan O'Brien, Jared Kelso, Stephen Michels, and Maurice Suede from CushWake. Additionally, the hotel has a tenant, Sonder.