Giampietro Baudo Of Generation Essentials Group Acquires Hotel In Tribeca For $69M

The asset involved in this transaction is a hotel located at 39 6th Avenue in the Tribeca market. The hotel consists of 151 keys and was sold for $69,000,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $69,000,000
• Buyer: Giampietro Baudo - Generation Essentials Group
• Seller: Neil H. Shah - Hersha Hospitality Trust & Eric Resnick - KSL Capital Partners
• Advising Company: Eastdil Secured

The transaction included the acquisition of the Hilton Garden Inn by Generation Essentials Group from Hersha Hospitality Trust and KSL Capital Partners. The sale was completed on 03/11/2026.