Kash Group Acquires Hotel In Manhattan For $37M From Seller FelCor Lodging

The Hotel located at 237 Madison Avenue in New York City, Manhattan, was sold on July 17th, 2017. The property was acquired by Kash Group and SHEL Capital LLC from the seller, FelCor Lodging, for a total price of $37,000,000. The hotel spans across 77,000 square feet, resulting in a price per square foot of $530. The transaction was facilitated by Jeffrey Davis, representing JLL.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $37,000,000
• Address: 237 Madison Avenue, New York
• Market: Manhattan

Kash Group and SHEL Capital LLC successfully purchased the hotel from FelCor Lodging. The deal was brokered by Jeffrey Davis from JLL. The hotel, located at 237 Madison Avenue in Manhattan's market, has a total area of 77,000 square feet. The transaction amount was $37,000,000, with a price per square foot of $530.