Hudson West Hospitality Acquires Hudson River Hotel In Midtown For $18.2M

The Hudson River Hotel located at 442 West 36th Street in Hell's Kitchen, Manhattan, was recently sold for $18.2 million. The asset, a hotel property spanning 20,344 square feet with 56 keys, was acquired by Hudson West Hospitality. The sale price translates to $895 per square foot, and each key was sold at an average of $325,000. The transaction was facilitated by brokers Jerry Swon, Leo Reilly, and Robert Hunter from Marcus & Millichap.

Summary of transation details:

• Property Type: Hotel
• Transaction Amount: $18,200,000
• Address: 442 West 36th Street
• Market: Hell's Kitchen, Manhattan
• Square Footage: 20,344
• Keys: 56
• Price Per Square Foot: $895
• Price Per Key: $325,000
• Buyer: Hudson West Hospitality
• Brokers: Jerry Swon, Leo Reilly & Robert Hunter - Marcus & Millichap

The sale of the Hudson River Hotel at $18.2 million was marked by the successful involvement of Marcus & Millichap's brokerage team, led by Jerry Swon, Leo Reilly, and Robert Hunter. The deal, which concluded after several unsuccessful attempts to sell the 56-room property near Hudson Yards, signifies a significant transaction in the competitive real estate market of Midtown, Manhattan.