Twin Summit NY LLC Purchases Hotel From Joseph Moinian In Midtown Manhattan For $10 Million

The property asset involved in the transaction is a hotel located at 237 West 54th Street in Midtown Manhattan. The sale occurred at a foreclosure auction, with a transaction amount of $10 million. The asset is identified as the Hilton Garden Inn.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $10,000,000
• Buyer: Twin Summit NY LLC
• Seller: Joseph Moinian - Moinian Group
• Date of Sale: 06/11/2025

The key individuals involved in this deal include the buyer, Twin Summit NY LLC, and the seller, Joseph Moinian, representing the Moinian Group. The asset was sold due to developer Joseph Moinian's inability to delay the foreclosure auction.